ITAT Mumbai held that even if Section 11 exemption is denied due to lack of registration, the Assessing Officer cannot tax entire gross receipts without examining expenditure. Only net income, if any, ...

However, the good news is that at least the payment process is now a lot easier. You no longer have to rely just on online ...

On a similar note, many business owners fail to recognise the importance of categorising transactions – it's far more than ...

Among the changes was the freezing of income tax thresholds, following rumours that the main rate might increase for the ...

The High Court set aside a tax demand arising from foreign tax credit mismatch because no valid intimation under Section 143(1) was produced or served. It held that recovery cannot be enforced without ...

Delivered record net income and EPS, book value per share of $74, and profitable growth through multi-year transformation ...

The Tribunal held that examining the donor’s creditworthiness and seeking income-tax returns at the registration stage is beyond the scope of section 12AB. Registration cannot be denied on such ...

You’ve likely felt the frustration when a sudden camera flash delivers an unexpected fine, and […] ...