Under SARFAESI Act, an auction sale can be cancelled only if the purchaser has defaulted in payment of balance amount
In IDBI Bank Ltd. v. Ramswaroop Daliya and Ors., SLP (C) Nos. 8159-8160/2023 the Supreme Court has held that an auctioneer cannot refuse to issue...
Fake loan app CashBean run by PC Financial Services fined ₹2100 Cr by Enforcement Directorate
A number of people have complained about the menace of fake loan apps which demand extortionate rates of interest and hack the WhatsApp of the...
Revised Guidelines for compounding offences under the Income-tax Act, 1961
CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961 ✅The Guidelines simplify the compounding process, reduce complexities from multiple existing guidelines,...
Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and for claiming TCS Credit of Minors in the Hands of Parents
CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and for claiming TCS Credit of Minors...
Frequently asked questions (FAQs) on provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme , 2024
CBDT issues Guidance Note 1/2024 in the form of frequently asked questions (FAQs) on provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme ,...
ITAT Members appointed Vice Presidents
5 ITAT Members appointed Vice Presidents for a period of 4 years or till attaining the age of 67 years whichever is earlier...
Transfers of 12 ITAT Members w.e.f 21.10.2024
Transfers of 12 ITAT Members w.e.f 21.10.2024...
Comprehensive review of the Income-tax Act, 1961
The Hon’ble FM in Budget 2024-25 announced a comprehensive review of the Income-tax Act, 1961 to simplify it for taxpayers, reduce disputes, and ensure greater...
CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust / institution to another trust / institution for purposes of application of income
Any trust or institution registered u/s 12AA or 12AB of the Income Tax Act 1961 is exempt, subject to the fulfilment of certain conditions Posted...
CBDT Circular No. 3/2024 dated 06.03.2024
CBDT clarifies provisions relating to donations made by a trust / institution to another trust / institution for the purposes of application of income. Circular...