Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

However, the court noted that a government press release clarified that the new definition applied solely for income tax ...

An interest rate is the percentage of a Car Loan that is charged as interest over the life of the loan. It is the cost of ...

To begin with, there is rarely, if ever, a review of the existing business model, and the changes that might be required for ...

In India, starting a business can be thrilling due to the challenges and immense opportunities this market has to offer.

The Kerala High Court addressed an income tax appeal concerning the nature of an order passed by the Commissioner of Income Tax under Section 263 of the Income Tax Act. The assessee, Malabar Institute ...

The ITAT found that the addition made by the assessing officer was unjustified, as Bhargava had provided substantial documentation, including sale deeds and bank statements, to substantiate the source ...

CESTAT Chennai Sets Aside Re-Determined Customs Valuation in Anisha Trends Case: The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, ruled on an appeal filed by Anisha Trends ...

The ITAT found that the CIT (A) had failed to adequately address the assessees’ contentions, merely stating that satisfaction was recorded and evidence existed, without providing specific details or ...

Bombay High Court ruled in favor of Borivli Education Society, condoning the delay in electronically filing Form 10B for claiming tax exemption under Section 11 of the Income Tax Act, 1961. The ...

The directions included a requirement for the assessee to deposit 10% of the disputed tax amount upon filing the appeal and an additional 20% of the remaining disputed tax to stay the impugned order.

The Kerala High Court addressed a revision petition concerning the Joint Commissioner’s jurisdiction to initiate proceedings against an assessment order. The petitioner, a manufacturer of unbranded ...