Popular Articles

All about Angel Taxation in India

Posted by CA Aman Rajput 09 May 2024 991 Views

Angel Tax which is governed by Section 56(2)(viib), was introduced in the Income Tax Act from the Assessment Year 2013-14 via finance bill, 2012 as a step to take up the circulation of unaccounted money in the name of share premiums which were received by private companies or closely held companies.

ITR-2 & ITR-3 Utility v1.8 for AY 2024-25 Released

Posted by Joseph Amal T A 08 January 2025 990 Views

Download the new ITR-2 & ITR-3 Excel utilities (v1.8) for AY 2024-25. Fixes Section 87A rebate issues for short-term capital gains. File accurately!

NFRA Charges Audit Firm for Non-Disclosure of Interest Costs in Vikas WSP Audit

Posted by Aarti Maurya 14 June 2024 988 Views

In the matter of M/s S. Prakash Aggarwal & Co., ICAI Firm Registration No. 06105C, under Section 132(4) of the Companies Act 2013 read with Rule 11(6) of National Financial Reporting Authority 2018 - Order No. - 009/2024

Digital lending apps - What to be aware of?

Posted by K Srinivas, CMA CS 20 January 2021 988 Views

This article asks people to reconsider using the digital lending apps and tells why people should be aware of them.

GST on Accommodation Services: New Rules Explained

Posted by Affluence Advisory 19 July 2024 987 Views

Understand the latest GST changes for accommodation services from 15 July 2024. Discover new exemption thresholds and taxability rules. Read more!

Diwali Gifts: Are They Taxable? Income Tax & GST Explained

Posted by CA Umesh Sharma 21 October 2025 987 Views

Discover if your Diwali gifts are taxable under Income Tax and GST. Learn about exemptions, limits, and TDS provisions for gifts received and given.

How to Fix AIS Mismatch While Filing Your Income Tax Return: Simple Guide (AY 2025-26)

Posted by Karthik Annaram 24 November 2025 986 Views

Facing AIS mismatch while filing ITR? Learn the common causes, how to fix errors using AIS feedback, and when to revise your return to avoid tax notices.

CSR expenditure is allowable u/s 80G of IT Act - On the maxim of 'Expressio Unius Esl Exclusio Alterius'

Posted by Vivek Jalan 13 December 2023 985 Views

Allowability of CSR expenditure has been sealed after Explanation 2 to Section 37(1) was inserted in the Income tax Act 1961 w.e.f. 1.4.2015.

Tata Motors Cleared of Competition Law Violations in Dealer Case: Why This Matters

Posted by CA Aman Rajput 09 December 2023 983 Views

This case revolves around allegations against Tata Motors Ltd. (TML), a company engaged in the business of commercial vehicles and spare parts, by its authorized dealers, Neha Gupta and another informant (Informant 2).