The issue was whether accumulated income could be taxed merely because it was not spent exactly for the purpose stated in Form-10. ITAT Delhi held that as long as funds are applied toward charitable ...
After working in Dubai for 20 years Man used Rs 2 crore savings to buy Mumbai property; Tax dept sent notice; he wins case in ...
The government has confirmed that new income tax return (ITR) forms under the Income Tax Act, 2025 will be notified before ...
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New Income Tax Act 2025: When will the new ITR forms arrive and what will change? Full details inside
The rollout of the Income Tax Act 2025 has raised an important question among taxpayers — when will the new Income Tax Return ...
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Karta repays more than advance taken, I-T sends tax notice, but ITAT Mumbai rules in favour of HUF
Karta took Rs 11.7 crore loan from HUF but paid back Rs 12.93 crore; HUF used the excess money for F&O trading; tax dept sent ...
ITAT Ahmedabad rules that a charitable trust’s exemption under Sections 11 and 12 cannot be denied due to a technical mismatch in reporting new 12AB registration in the ITR. The substantive validity ...
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