Learn which IT notices require simple clarification like mismatches in Form 26AS, routine document checks, or small 143(1) adjustments and which ones need urgent action, such as scrutiny under 143(2), large tax demands, non-filing alerts, or reassessment under Section 148.
The Kolkata ITAT has ruled that a gift of Rs 80 lakh received from a brother-in-law qualifies as exempt under section 56(2)(vii) of the Income tax Act. The Tribunal held that gifts from specified relatives cannot be taxed merely due to doubts over the donor's source of funds, reaffirming that such enquiries must be made in the donor's hands, not the recipient's.
Why has Mexico raised import duties on India to 50%? Here’s the full explanation and impact on key sectors.
Indian Railways is cracking down on ticket fraud with strong measures like Aadhaar-based OTP verification, anti-bot technology, and the deactivation of 3.02 crore suspicious user IDs.
12 December 2025
193 Views
Discover how calmness transforms into true leadership through trust-based delegation, perspective-shifting, and purposeful redirection of energy. Part IV of this series explores advanced emotional intelligence practices that help turn anger into clarity, strengthen teamwork, and inspire composed, impactful leadership in both professional and personal life.
Learn how Section 54EC Bonds (now Section 85 under the Income Tax Act, 2025) help you legally save tax on long-term capital gains from land or buildings.
RBI's move to grant SRO status to the Finance Industry Development Council (FIDC) marks a major shift in NBFC regulation.
Delhi High Court has ruled in favour of advocate Sarwar Raza in a major credit card fraud case, directing Citibank to pay Rs 1 lakh for harassment after fraudsters misused his card for Rs 76,777.
11 December 2025
13360 Views
A comprehensive guide to GST record-keeping under Sections 35 & 36 and Rules 56–58, covering documentation, retention timelines, compliance duties, and audit implications.
Get a complete guide to Shop and Establishment Act Registration in India - its importance, eligibility, documents, process, validity, and compliance requirements.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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