Day: October 23, 2025
Diwali gift tax rules: He got Diwali gifts worth Rs 2.21 lakh — then a Rs 33,000 tax shock – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/diwali-gift-tax-rules-he-got-diwali-gifts-worth-rs-221-lakh-then-a-rs-33000-tax-shock-499220-2025-10-22 Under income tax laws, gift taxation depends on the giver and the total value received in a financial year. Gifts from close relatives
Section 87A Rebate Confusion: CIT(A) Approves STCG, CBDT Says No
lipped from: https://taxguru.in/income-tax/section-87a-rebate-confusion-cita-approves-stcg-cbdt-says-no.html Section 87A on Special-Rate Income: CIT(A) Allows but CBDT Says No – What Should Taxpayers Really Do? A Confusing Fortnight for Taxpayers Within
*****Capital Gains Taxable in Year of Possession, Not Registration: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/capital-gains-taxable-year-possession-registration-itat-mumbai.html Maimoon Fashion Accessories Pvt. Ltd. Vs ITO (ITAT Mumbai) Background: Maimoon Fashion Accessories Pvt. Ltd. (“the assessee”) appealed before the ITAT Mumbai against the
GST Liability Cannot Be Deferred Due to Non-Reimbursement by Government Department: Madras High Court Allows Installment Relief to Contractor [Read Order]
Clipped from: https://www.taxscan.in/top-stories/gst-liability-cannot-be-deferred-due-to-non-reimbursement-by-government-department-madras-high-court-allows-installment-relief-to-contractor-1435296?transaction_id=cvbGzMSUCAdlbdhXawFMSKGGaSzDwuMKuhxagFlHwJGMvuFsiMcbJiuqbMCACH&link_id=3082976 The Court relied on the 47th GST Council Meeting Minutes revising the rate from 12% to 18%. The Bench of the Madras High
How Much Can a CA Charge for a Tax Audit? Know ICAI’s Minimum Fee
Clipped from: https://www.taxscan.in/how-much-can-a-ca-charge-for-a-tax-audit-know-icais-minimum-fee/511311?transaction_id=cvbGzMSUCAdlbdhXawFMSKGGaSzDwuMKuhxagFlHwJGMvuFsiMcbJiuqbMCACH&link_id=3082984 X CA tax audit fees – ICAI fee – Minimum CA charges – Taxscan CA tax audit fees – ICAI fee – Minimum
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