Judgement

HC interprets “a residential house” in Section 54 to include more than one unit before 2014 amendment; assessee is entitled to full relief on seven row houses

Income Tax: Bombay HC allows Exemption under Section 54 Allowed for Multiple Houses Purchased Before 2015

Articles

The IT department has identified cases of some Jewellers switching from the approved FIFO to the Prohibited LIFO method for inventory valuation.

IT Dept. Crackdowns Jewellers Who Disobey Accounting Rules

IT Dept. Crackdowns Jewellers for manipulating Accounting Rules

The ICAI president, Charanjot Singh Nanda, has warned that ICAI will take strict action against CAs who violate the new audit limits.

ICAI to Take Strict Action Against CAs Violating New Tax Audit Limit

HC applies the “purpose test” to hold sales tax incentives for industries in backward areas as capital receipts, not taxable as revenue income

Victory for Bajaj Auto & Reliance: Bombay HC Rules Sales Tax Incentives for New Units in Backward Areas Are Capital Receipts, Not Taxable

know the key deadline for August 2025 for GST, Income Tax, SEBI, FEMA, ESI, PF and ESI and and Companies Act.

Compliance Calendar for August 2025 | Tax Due Date Calendar for August 2025

Now, as per the latest circular, NRIs no longer need to notify the clearing members or the exchange.

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Income Tax: Bombay HC allows Exemption under Section 54 Allowed for Multiple Houses Purchased Before 2015

IT Dept. Crackdowns Jewellers for manipulating Accounting Rules

ICAI to Take Strict Action Against CAs Violating New Tax Audit Limit

Victory for Bajaj Auto & Reliance: Bombay HC Rules Sales Tax Incentives for New Units in Backward Areas Are Capital Receipts, Not Taxable

Compliance Calendar for August 2025 | Tax Due Date Calendar for August 2025

NRIs Can Now Trade Derivatives Without CP Code: SEBI