Articles

A simple guide explaining the tax treatment of right shares in India, covering entitlement, renunciation, cost of acquisition, and capital gains implications.

Taxability of Rights Shares in India: Complete Guide with Capital Gains Treatment

Judgement

The ITAT quashes rectification order, holding Section 154 cannot review appellate decisions without hearing the assessee.

ITAT Quashes CIT(A)'s Rectification Order Passed Without Notice, Restores Relief on Land Acquisition Interest

The ITAT deleted a Section 271B tax audit penalty, holding that the assessee's bona fide belief and consistent tax treatment constituted a reasonable cause under Section 273B.

ITAT Deletes Section 271B Penalty for Non-Filing of Tax Audit Report Due to Bona Fide Belief

A complete guide on taxability of bonus shares in India covering allotment rules, cost of acquisition, holding period, and capital gains on sale.

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

News

The ICAI is helping Tirumala Tirupati Devasthanams strengthen its donation accounting framework to improve transparency and financial management of devotee contributions.

ICAI to Strengthen Tirupati Temple’s Donation Accounting System Amid Growing Focus on Temple Finances

The ITAT Bangalore deleted the Rs 2.34 crore GST Refund addition, holding it non-taxable income since GST was not debited to the profit and loss account.

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Taxability of Rights Shares in India: Complete Guide with Capital Gains Treatment

ITAT Quashes CIT(A)'s Rectification Order Passed Without Notice, Restores Relief on Land Acquisition Interest

ITAT Deletes Section 271B Penalty for Non-Filing of Tax Audit Report Due to Bona Fide Belief

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

ICAI to Strengthen Tirupati Temple’s Donation Accounting System Amid Growing Focus on Temple Finances

ITAT Rules GST Refund Is Not Taxable Income; Deletes Rs 2.34 Crore Addition on Recovery-of-Asset Principle