Comparison of the new bill 2025 vs. Existing Income Tax Act The Indian government has introduced the Income Tax Bill,… Read More
Decode Your Permanent Account Number (PAN) Card This is a great breakdown of the PAN structure! You’ve explained it… Read More
Cabinet approved New Income Tax Bill to replace Old tax Law The Union Cabinet has approved a new Income Tax… Read More
CBDT on application of Principal Purpose Test under amended tax Treaties This clarification from the CBDT on the application of… Read More
Overview on Capital Gain Provision on Period of Holding The provided chart outlines the period of holding for determining whether… Read More
The Bombay High Court, in the case of 87A Rebate In a recent judgment, the Bombay High Court addressed issues… Read More
Capital Gains & Section 54 of the Income Tax Act Section 54 of the Income Tax Act, 1961 This structured… Read More
What are capital gains on the Sale of Property? Capital gains arise when a property is sold for a profit.… Read More
The Risks of Neglecting Compliance in Financial Transactions. This case highlights how a lack of awareness and negligence in compliance… Read More
Long-term capital loss on reduction of share capital, allowable The Mumbai Bench of the Income-tax Appellate Tribunal has provided an… Read More