The Bombay High Court has held that capital gain tax is not payable on the transfer of shares by way of gift. It was observed that  Section 45 of the Income Tax Act, 1961 provides

The JPMorgan Chase & Co invited applications for the post Financial Analysis - Associate. Qualification Minimum of CA or an MBA in Finance is required with 4 to 7 years of Finance experience, preferably in

A Division bench of the Bombay High Court has held that notice issued without DIN for reopening of assessment under Section 148 of the Income Tax Act, 1961 is invalid. A Document Identification Number (DIN)

The Quality Review Board ( QRB ) at the Institute of Chartered Accountants of India ( ICAI ) has released the First Volume of the Guidance on Non-Compliances observed during Quality Reviews, in two parts.

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance shall be made on interest expense claimed in respect of ST RRB Credit Refinance Fund of National Bank for Agriculture &

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while providing relief to National Bank for Agriculture & Rural Development ( NABARD ) allowed Interest Expenditure incurred from the Government set up fund of RIDF

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) after observing the deduction under Section 36(1)(xii) of Income Tax Act, 1961 can only claim with respect to expenditure incurred on Promotional Activities “notified entities” directs readjudication for examining the

The Central Board of Direct Taxes ( CBDT ), vide notification no. S.O. 1771(E) dated 23rd April 2024 has notified the Section 80G deduction Shree Ramanuj Kot Trust to the extent of Rs. 1,63,06,311 under

The central government may propose a reduction in the GST tax rate from 18% to 12% for health insurance premiums up to Rs 30,000, aiming to enhance affordability and attractiveness. A premium of this amount

The section 45 of Prevention of Money Laundering Act (PMLA) 2002  lays down stringent criteria for bail in cases related to money laundering. However, amidst its rigour, the provision also incorporates a crucial exception, especially

What is Section 80G? Section 80G of the Income Tax Act is a provision that allows taxpayers to claim deductions on donations made to eligible charitable institutions and funds. The purpose of this section is

The Bombay High Court allowed petition by directing to Joint Commissioner of Income Tax ( JCIT )to supply a copy of certificate of exemption under Section 12 A of Income Tax Act, 1961. The petition

Below is the detailed Income Tax compliance schedule for May 2024. Adhering to these deadlines is essential to avoid penalties. Understanding and abiding to the specified income tax due dates are crucial to avoid late

The Supreme Court refused to grant bail to ex-IAS officer Pooja Singhal in a money laundering case pending against her over alleged embezzlement of Mahatma Gandhi National Rural Employment Guarantee Act, 2005 ( MNREGA )

The Bombay High Court viewed that the error on the part of the auditor is reasonable cause for delay in claiming exemption and condoned the delay. Since the delay has been condoned, Respondent shall process