Sale deed not registered after buying a flat? What happens to your ownership rights?
https://www.financialexpress.com/money/sale-deed-not-registered-after-buying-a-flat-what-happens-to-your-ownership-rights-4360430 Without a registered document, the buyer’s title to the property is incomplete. Buying a flat or apartment can be one of your biggest personal
GST reforms aim to boost compliance by removing fear, widening tax base
Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/gst-reforms-aim-to-boost-compliance-by-removing-fear-widening-tax-base/articleshow/134924449.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst A year ago, GST Council lowered rates and moved to a simpler structure with two main rates. It expected that lower rates
Go On, Show Us the Money! Rs 3 lakh cr foreign outflows spark concerns about India’s investment landscape
Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/go-on-show-us-the-money-rs-3-lakh-cr-foreign-outflows-spark-concerns-about-indias-investment-landscape/articleshow/134923885.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst There’s nothing to gain from avoiding the numbers. FPIs have withdrawn more than ₹3 lakh cr from Indian equities in the first
*******Wrong PAN, Rs 1.46 Cr tax notice: How a Mumbai man earning Rs 3,500 fought back at ITAT
https://www.financialexpress.com/money/wrong-pan-rs-1-46-cr-tax-notice-how-a-mumbai-man-earning-rs-3500-fought-back-at-itat-4360271 An income-tax notice can have serious financial consequences for a taxpayer, particularly when the Income Tax Department reopens an old assessment and makes additions
Senior citizen gets income tax notice over Rs 65.27 lakh cash deposit in bank account; his son proves source of funds and wins case in ITAT Jaipur
Read more at:https://economictimes.indiatimes.com/wealth/tax/senior-citizen-gets-income-tax-notice-over-rs-65-27-lakh-cash-deposit-in-bank-account-his-son-proves-source-of-funds-and-wins-case-in-itat-jaipur/articleshow/134915017.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Ram Singh, a senior citizen, received an income tax notice for an alleged unexplained cash deposit of Rs 65.27 lakh in
*****How much gold and silver jewellery can you have in your home without getting into trouble with the Income Tax authorities?
Read more at:https://economictimes.indiatimes.com/wealth/tax/how-much-gold-and-silver-jewellery-can-you-have-in-your-home-without-getting-into-trouble-with-the-income-tax-authorities/articleshow/134915513.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Recently, there was a case in the ITAT Mumbai where the Income Tax Department conducted a search operation in a lady’s residential
*****Mere Filing of Reply Does Not Satisfy Personal Hearing Requirement u/s 148A When Hearing is Specifically Sought: Rajasthan HC
https://www.taxscan.in/income-tax/mere-filing-of-reply-does-not-satisfy-personal-hearing-requirement-us-148a-when-hearing-is-specifically-sought-rajasthan-hc Assessee who specifically seeks a personal hearing before a Section 148 reassessment decision cannot be denied that opportunity merely because a detailed written reply
*****Amendment made to Repealed Act is Unsustainable: AP HC Declares Section 147A of Income Tax Act Unconstitutional
https://www.taxscan.in/income-tax/amendment-made-to-repealed-act-is-unsustainable-ap-hc-declares-section-147a-of-income-tax-act-unconstitutional-read-judgment In a major ruling, the Andhra Pradesh High Court declared Section 147A of the Income Tax Act, 1961 as unconstitutional, thereby ruling that an
*******Search-Linked S.148 Notice for AY 2015-16 Issued in March 2026, beyond 10 years Limit: Delhi HC quashes Notice
https://www.taxscan.in/income-tax/search-linked-s148-notice-for-ay-2015-16-issued-in-march-2026-beyond-10-years-limit-delhi-hc-quashes-notice-read-order A reassessment notice cannot travel beyond the outer limitation period under Section 149 even where the alleged escaped income exceeds Rs. 50 lakh The
*******Income tax penalty waiver: CBDT revises Form 161 to cover misreporting cases; check rules
An income tax penalty can run into a substantial amount, especially in cases involving misreporting of income. But taxpayers may have a way to seek
*****Go slow on rate hikes: Make capital accessible and affordable to drive investment and job creation
Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/go-slow-on-rate-hikes-make-capital-accessible-and-affordable-to-drive-investment-and-job-creation/articleshow/134876023.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst We have entered a golden age of Indian entrepreneurship. The number of active companies has risen by more than half a million
Reassessment Without Seven Clear Days Invalid; Section 263 Revision Quashed by ITAT Ranchi
Read more at: https://taxguru.in/income-tax/reassessment-without-clear-days-invalid-section-263-revision-quashed-itat-ranchi.html?utm_source=follow.it Copyright © Taxguru.in he Ranchi Bench of the Income Tax Appellate Tribunal allowed the appeal of Agarwal Metcom Private Limited for
