Blog Categories
All Posts
Accounting Standard 12
CBDT 1
Chartered Accountant 1
Chartered Engineer 1
Greetings 1
Income Tax Act 2025 0
Labour Law 2
MCA Notification 1
MSME 1
NGO- Trust & Society 0
PLACEMENT 1
Press Information Bureau, Government of India (PIB) 2
RBI & Banks 1
RERA 0
RTI 1
STUDENT ICAI 1
Virtual Webinar 5
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Deduction of head office expenditure in the case of non-residents [Section 44C]
Deduction of head office expenditure in the case of non-residents [Section 44C]Section 44C, is a non obstante clause stating that in the case of a non-resident, no allowance shall be made in respect of so much of expendi...
Decoding of Rule 46A of the Income Tax Rules, 1962 related to production of additional evidence before the first appellate authority after an assessment being made by the Assessing officer
Decoding of Rule 46A of the Income Tax Rules, 1962 related to production of additional evidence before the first appellate authority after an assessment being made by the Assessing officerClause (mm) was inserted vide Fi...
Virtual Digital Assets (“VDAs”) come under the ambit of Prevention of Money Laundering Act, 2002 (PMLA)
Virtual Digital Assets (“VDAs”) come under the ambit of Prevention of Money Laundering Act, 2002 (PMLA)Virtual Digital Assets (“VDA”) have been defined under the Income tax Act, 1961 as any information, code, num...
Allowability of Losses incurred for earning illegal income under the Income Tax Act, 1961
Allowability of Losses incurred for earning illegal income under the Income Tax Act, 1961An assessee earning any income from an illegal source cannot escape taxation of such income on the plea that it is illegal income. ...
Analysis of Statutory provisions of Section 156 (Notice of Demand)
Analysis of Statutory provisions of Section 156 (Notice of Demand)The statutory provision of section 156 provides that when any tax, interest, penalty, fine or any other sum is payable in consequence of any order passed ...
Virtual Digital Assets (“VDAs”) come under the ambit of Prevention of Money Laundering Act, 2002 (PMLA)
Virtual Digital Assets (“VDAs”) come under the ambit of Prevention of Money Laundering Act, 2002 (PMLA)Virtual Digital Assets (“VDA”) have been defined under the Income tax Act, 1961 as any information, code, num...
Tax treatment of Ex gratia payments
Tax treatment of Ex gratia paymentsWhat is Ex gratia payment?Ex Gratia is a Latin word that means “by virtue of grace” or “by favor”. Therefore, an ex gratia payment is voluntary because the paying party does not...
Importance of Panchnama in Income-tax Search & seizure proceedings
Importance of Panchnama in Income-tax Search & seizure proceedingsPanchnama is an important document because it informs the person from whose premises the articles are seized or the person searched as to the name of ...
Effect of re-opening the assessment based on wrong facts or conclusions
Effect of re-opening the assessment based on wrong facts or conclusionsThe effect of re-opening the assessment based on wrong facts or incorrect facts or conclusions, are that the notice issued for re-open...
Faceless Penalty Scheme, 2021
Faceless Penalty Scheme, 2021With the objectives to promote digitalization, achieve greater degree of efficiency and transparency at the Income Tax department level while dealing with taxpayers enabling provisi...