Day: September 4, 2025

Clipped from: https://incometaxindia.gov.in/Acts/Income-tax%20Act,%201961/2025/102120000000090803.htm 44AA. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or

Clipped from: https://taxguru.in/income-tax/audit-criteria-business-profession-section-44ab-ay-2024-25.html Introduction: Understanding the audit requirements for businesses and professions under the Indian Income Tax Act is crucial for compliance and efficient financial management. Section

Clipped from: https://www.taxontips.com/turnover-limit-for-tax-audit-is-rs-1-crore-or-rs-10-crore-under-section-44ab-of-the-act/ Section 44AB deals with the limit for conducting Tax audit under the Income Tax Act. For Individual, HUF and firm they can skip

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/how-homeowner-saved-rs-142-cr-under-section-54-of-i-t-act-ca-explain-how-he-did-it-492579-2025-09-04 A Bombay High Court-backed ITAT ruling has clarified that the allotment date, not registration, decides capital gains tax treatment. The decision helped a

Clipped from: https://economictimes.indiatimes.com/wealth/tax/do-you-need-to-pay-tax-on-inherited-gold-jewellery-cas-explain-when-you-may/articleshow/123695237.cms ET OnlineWill you be taxed on inherited gold? Know CA view Did you inherit a set of gold jewellery from your parents in 2012 and

Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-property-redevelopment.html 1. Redeveloping old buildings and societies is gaining momentum in major cities like Mumbai, Delhi-NCR, Surat, Bengaluru etc. Mumbai, India’s financial capital, is

Clipped from: https://taxguru.in/income-tax/capital-gain-tax-date-purchase-construction-property.html Explore Capital Gain Tax Exemption rules on property transactions with illustrative examples, legal decisions, and statutory provisions. Understand the nuances of claiming exemptions