The GST Network ( GSTN ) has highlighted specific scenarios where the GSTR-2B for October 2024 was not generated, as reported by certain taxpayers. Below is a summary of the…

Top Stories Filing ITR with Foreign Assets? Here’s How to Complete FSI, TR, and FA Schedules Step-by-Step Proper disclosure of the same will help you to avoid the penalties and…

Top Stories Demand Notice on GSTR Mismatch issued after 5 Years GST Registration Cancelled: Madras HC sets aside Order on 5% Pre-deposit [Read Order] The petitioner submitted that they had…

Top Stories Husband Transferring Portion of Residential Building to Wife Amounts to Luxury Tax Evasion: Kerala HC dismisses Petition [Read Order] The Court further held that “While tax planning is…

The Delhi High Court recently quashed an Income Tax Appeal filed by the Revenue, ruling that delayed order levying penalty on an Assessee under Section 271C of the Income Tax…

Top Stories Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order] Assessing Officer has made the addition…

In a recent ruling, the Madras High Court held that an expired Anti-Dumping Duty ( ADD ) notification cannot be extended. The court directed a reassessment of Huawei Telecommunications’s ADD…

In a recent case before Income Tax Appellate Tribunal (ITAT), New Delhi the assessee’s appeal was dismissed due to absence of representation in the appeals filed in previous assessment years.…

Top Stories ITAT upholds Addition of Unexplained Income under Section 69A due to Assessee’s Non-Compliance [Read Order] Despite being issued  multiple  notices and opportunities,the assessee failed to provide any explanation…

If you’re having foreign assets, then you should show those while filing your Income Tax Returns ( ITR ). The income taxpayers with income from foreign sources, foreign bank accounts,…