Direct Tax
Pre-Deposit For Income Tax Appeal
In a move to ease the financial burden on businesses and improve cash flow, tax experts are urging the government to relax the pre-deposit...
Reassessment Can’t Be Invoked On The Basis Of Search Action: Bombay High Court
The Bombay High Court has held that the reassessment cannot be invoked on the basis of search action.The bench of Justice G. S. Kulkarni...
New Income Tax Rules For Salaried Employees – TDS, Form 16, and Tax Slabs Updated
The Central Board of Direct Taxes (CBDT) has issued Circular No. 03/2025, dated February 20, 2025 notifying the income-tax deduction from salaries during the...
Reality Check: Exemption Available To Depreciable Assets Withdrawn In New Income Tax Bill 2025
The article is written by CA Deepak Gadgil, who is into direct and indirect tax litigation and advisory from past 10 years. The article...
Urban Ladder Home Décor Not Liable To TDS On Remittances To Facebook, Amazon Web-Services For Advertisements: Karnataka High Court
The Karnataka High Court has held that Urban Ladder Home Décor is not liable to TDS on remittances to Facebook, Amazon Web-Services for advertisements.The...
Direct Tax Weekly Flashback: 09 To 15 February 2025
Direct Tax Weekly Flashback for the period 9 to 15 February 2025.Supreme CourtSection 271AAA Relief: No 10% Penalty If Undisclosed Income Is Admitted, Substantiated,...
Bombay High Court Quashes Income Tax Assessments Orders Against Merged Reliance Units
The Bombay High Court has quashed the income tax assessments orders against merged Reliance Units.The bench of Justice M. S. Sonak and Justice Jitendra...
Select Committee To Review Income Tax Bill 2025 Constituted [READ OFFICIAL NOTIFICATION]
In a significant legislative move, Lok Sabha Speaker Om Birla has constituted a 31-member Select Committee to examine the newly proposed Income Tax Bill....