Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose? CIT, Patiala v. Yadvindra Public School Association, Patiala, ITA-253-2011 (O&M), decided on 09 September 2024 ...
Summary of CBDT Notification No. 161/2025
Notification No. 161/2025, dated 19 November 2025, issued under Section 54GA(2) of the Income-tax Act, 1961, introduces the
Ministry of FinanceCBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign AssetsUnder the 2nd NUDGE initiative, CBDT will send SMSs and emails from 28th November 2025 to identified taxpayers with advice to volunta...
Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property1. Introduction:-Section 54F of the Income-tax Act, 1961 grants exemption on long-term capital gains arising from the transfer of any capital asset other than a res...
Enhancing Tax Transparency on Foreign Assets & Income: Understanding CRS & FATCA A. Purpose of CRS and FATCAIn this globalized economy,...