Month: October 2025
*******Karnataka HC quashes Income Tax Reassessment Notices Issued by Jurisdictional Officers Physically, says Faceless Regime Mandatory [Read Order]
Clipped from: https://www.taxscan.in/top-stories/karnataka-hc-quashes-income-tax-reassessment-notices-issued-by-jurisdictional-officers-physically-says-faceless-regime-mandatory-1434522 The Court pointed out that once Parliament, through the Finance Act, 2021, laid down a clear procedure for issuing reassessment notices, the tax
*******Income tax Reopening Notice Issued within Limitation: Supreme Court Refuses to Interfere with Patna HC Order Dismissing Petition [Read Judgement]
Clipped from: https://www.taxscan.in/top-stories/income-tax-reopening-notice-issued-within-limitation-supreme-court-refuses-to-interfere-with-patna-hc-order-dismissing-petition-1434519 The high court observed that the petitioner’s reliance on Rajeev Bansal was misplaced since that decision dealt with Section 149(1)(b), whereas the present
*******No Capital Gains Taxable on Mere Execution of Development Agreement Without Transfer of Possession – Section 2(47)(v) Not Attracted: ITAT Hyderabad
Clipped from: https://taxguru.in/income-tax/capital-gains-taxable-mere-execution-development-agreement-transfer-possession-section-2-47-v-attracted-itat-hyderabad.html Srinivas Pampati Vs ITO (ITAT Hyderabad) Both Assessees were joint landowners of 6,380 sq. yds. of land at Karimnagar. On 02.03.2013, they along
Instructions_ITR3_AY_2023_24.pdf
Clipped from: https://incometaxindia.gov.in/Supporting%20Files/ITR2023/Instructions_ITR3_AY_2023_24.pdf 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Tax Audit Requirement in India for FY 2024-25 (AY 2025-26) – CACube
Clipped from: https://cacube.in/tax-audit-requirement-in-india-for-fy-2024-25-ay-2025-26/ A tax audit ensures transparency in income reporting and compliance with the Income Tax Act, 1961. Whether you are a business owner, professional,
*******Books of Accounts Under Section 44AA of Income Tax Act
Clipped from: https://cleartax.in/s/books-of-accounts-and-audit-requirements-for-freelancers The Income Tax Act has specified the books of accounts that are required to be maintained for the purpose of Income Tax. These have
*******Presumptive Taxation, Book-Keeping & Audit: Sections 44AB, 44AD, 44ADA
Clipped from: https://taxguru.in/income-tax/practical-guide-presumptive-taxation-book-keeping-audit-sections-44aa-44ab-44ad-44ada.html For India’s small and medium enterprises (SMEs) and professionals, mastering the provisions of Sections 44AA, 44AB, 44AD, and 44ADA is fundamental to ensuring
Voluntary Tax Audit u/s 44AB of Income Tax Act, 1961. Is it possible ?
Clipped from: https://taxguru.in/income-tax/voluntary-tax-audit-u-s-44ab-income-tax-act-1961.html Today we will discuss whether one can get Tax Audit Report u/s 44 AB of the Income Tax Act, 1961 and can e
Opted for Voluntary Audit? Enjoy extended ITR filing deadline – Taxmann
Clipped from: https://www.taxmann.com/research/income-tax/top-story/105010000000026549/opted-for-voluntary-audit-enjoy-extended-itr-filing-deadline-experts-opinion Meenakshi Subramaniam Former IRS officer There is good news for LLPs, across the country. Those who do audit, without being required, can file
Medical negligence: Documentation, expert opinion key to court success | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/medical-negligence-documentation-expert-opinion-key-to-court-success-125092500946_1.html The complaint must be filed in the right forum and within the limitation period Paliwal notes that landmark judgments from the Supreme Court
Tax audit deadline moved to Oct 31: Who needs to follow process, why | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/tax-audit-deadline-moved-to-oct-31-who-needs-to-follow-process-why-125092600558_1.html Tax audit deadline: One month more give to businesses and professionals after representations from industry groups When Tax audit Last Date Listen to
It will cost more to update Aadhaar card information: Know new fees here | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/it-will-cost-more-to-update-aadhaar-card-information-know-new-fees-here-125100200327_1.html UIDAI increases fee for biometric updates from Rs 100 to Rs 125, will review charges in Oct 2028 Photo: Wikimedia Commons Listen to