Initial public offerings, bonus, rights issues and ESoPs will be eligible for concessional rate of 10 per cent long-term capital gains (LTCG) tax even if the Securities Transaction
Nagarajan Seyyadurai, the Managing Director of SPK and Co Expressway Pvt Ltd, was raided in July over tax evasion allegations. Cash and gold bullion recovered by the IT
The CBDT extended the deadline for filing Income Tax Return (ITR) and audit report for the financial year 2017-18. Once again the CBDT has extended Income Tax Return
The Supreme Court has fined the Income Tax Department ₹10 lakh for making “misleading statement” about the pendency of an appeal and said that the apex court is
Individuals who have purchased property from non-residents find themselves grappling with several income tax-related challenges. To begin with, it’s difficult to determine the seller’s tax status (whether he
62650790 Fraudulently claiming tax refunds by misreporting income or showing false losses which reduce taxable income can attract heavy penalties. Section 270 of the ncome Tax Act was amended in
Overruling its 21-year-old verdict, the Supreme Court today said that when there is ambiguity in tax exemption notification, the benefit of such uncertainty must be interpreted in favour
The CBDT chief also directed that a compliance report on these cases should be sent to the board every three months and a publicity campaign should be undertaken
The Calcutta High Court, last week held that the addition to income can be made on the basis of balance sheet and profit and loss accounts certified to
