Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

However, the court noted that a government press release clarified that the new definition applied solely for income tax ...

An interest rate is the percentage of a Car Loan that is charged as interest over the life of the loan. It is the cost of ...

Contrary to initial expectations that survival concerns would sideline ESG, many organizations strengthened their ESG ...

To begin with, there is rarely, if ever, a review of the existing business model, and the changes that might be required for ...

In India, starting a business can be thrilling due to the challenges and immense opportunities this market has to offer.

The Kerala High Court addressed an income tax appeal concerning the nature of an order passed by the Commissioner of Income Tax under Section 263 of the Income Tax Act. The assessee, Malabar Institute ...

The ITAT found that the addition made by the assessing officer was unjustified, as Bhargava had provided substantial documentation, including sale deeds and bank statements, to substantiate the source ...

The property had been generating a monthly rent of Rs. 2.05 lakhs and was sold to the existing tenant. The Assessing Officer (AO) examined this transaction and, in the assessment order, noted the ...

The ITAT found that the CIT (A) had failed to adequately address the assessees’ contentions, merely stating that satisfaction was recorded and evidence existed, without providing specific details or ...

CESTAT Chennai Sets Aside Re-Determined Customs Valuation in Anisha Trends Case: The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, ruled on an appeal filed by Anisha Trends ...

The reassessment notice, issued after four years, alleged that income had escaped assessment due to the company’s failure to fully disclose relevant facts. However, the petitioner contended that the ...