The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from ...
The Income Tax Appellate Tribunal in Delhi has made waves with its recent ruling. Taxpayers can now benefit from capital gains tax exemptions when they sell Indian property to invest in international ...
Revised returns serve as a safety net for correcting inaccuracies in original or belated returns, such as omitted income, ...
A wholesale trader of Pan Masala and Bidi secured a significant victory at the ITAT Surat. The tribunal deleted an addition ...
In its Budget 2026 recommendations, PHDCCI seeks urgent measures to boost MSMEs, including tax exemptions on capital gains, 2 ...
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