Understand key income tax deductions under the Income Tax Act, including Sections 80C, 80D, and 24(b). Learn how to lower your taxable income and save ...

The ITAT Pune ruled on the Gousmahammad Anwar Gavandi case, reducing a tax addition on seized cash by accepting cash-in-hand and part of the claimed cash ...

An ITAT Pune order protects a charitable trust from being taxed on its gross receipts due to income tax return filing errors. Learn how Section 12AA registration and genuine expenses can shield ...

The Indian government has proposed GST reforms, including reducing tax slabs to 5% and 18%. This aims to simplify the structure and lower costs for daily-use ...

An expert analysis of fixed asset accounting under AS 10 and Ind AS 16, comparing their principles, measurement models, and practical application for Indian ...

U, the updated income tax return under Section 139(8A). Learn who can file, key changes from the Finance Act 2025, and how to file a corrected ...

Understand capital gains tax on assets like property and stocks. Learn the difference between short-term and long-term gains, how to calculate them, and available tax ...

What is PGBP? Learn how "Profits and Gains from Business or Profession" is taxed in India, including key sections, eligible deductions, and presumptive tax ...

Cuttack ITAT cancels penalties under sections 271D and 271E, ruling that the Assessing Officer must record satisfaction in the assessment order before initiating penalty ...

Compare AS 11 and Ind AS 21 on accounting for foreign exchange rates. Understand the differences in how they handle monetary items, and the capitalization of exchange ...

Summary of the significant capital gains tax changes from the Finance Act 2024, effective July 23rd, including new holding periods, tax rates, and ...

ITR-3 is the tax form for individuals and HUFs with business or professional income. Learn who must file, the types of income covered, and important ...