Steps to Claim and Rectify a Wrongly Deposited Challan This blog provides an insightful overview of rectifying a common yet specific error in income tax challan payments, particularly when a… Read More
ICAI deferred Phase III & Phase IV of the Peer Review Mandate The Institute of Chartered Accountants of India (ICAI) has extended the enforcement deadlines for Phases III and IV… Read More
What is Form 16C? Form 16C is a certificate under the Income Tax Act that provides details of the TDS deducted on rent payments. It is specifically associated with Section… Read More
CBDT on application of Principal Purpose Test under amended tax Treaties This clarification from the CBDT on the application of the Principal Purpose Test under amended tax treaties provides much-needed… Read More
Overview on Capital Gain Provision on Period of Holding The provided chart outlines the period of holding for determining whether a capital asset is classified as a Short-Term Capital Asset… Read More
The Bombay High Court, in the case of 87A Rebate In a recent judgment, the Bombay High Court addressed issues concerning the Section 87A rebate under the Income Tax Act,… Read More
FAQs on Liquidation and Voluntary Liquidation Forms (As on 10.01.2025) What are the key responsibilities of Insolvency Professionals when filing Liquidation and Voluntary Liquidation forms? Ensure accurate completion of all… Read More
GST Advisory on GST Waiver Scheme under Section 128A We are sharing this important update on the GST Waiver Scheme under Section 128A Key Points:- Here's a quick summary for… Read More
Capital Gains & Section 54 of the Income Tax Act Section 54 of the Income Tax Act, 1961 This structured summary reflects key changes in capital gains taxation and the… Read More
What are capital gains on the Sale of Property? Capital gains arise when a property is sold for a profit. These are classified into two categories: Long-term Capital Gains: Applicable… Read More