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Foreign Tax Credit under Indian Income-tax Law – Concept and Procedure for Residents and Non-Residents

Author
CA. Ajay Kumar agarwal
08/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1773
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Foreign Tax Credit under Indian Income-tax Law – Concept and Procedure for Residents and Non-Residents The concept of Foreign Tax Credit (FTC) in Indian tax law is rooted in the principle that the same income ...

FAQs on GSTR -9/9C for FY 2024-25

Author
CA DR Vinay Mittal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 3483
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FAQs on GSTR -9/9C for FY 2024-25Dec 4th, 2025Additional list of Frequently Asked Question along with the response has been compiled in response to comment received from various channel. The additional FAQ dt 4-12-2025...

Advisory on reporting values in Table 3.2 of GSTR-3B

Author
CA DR Vinay Mittal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 897
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Advisory on reporting values in Table 3.2 of GSTR-3BDec 5th, 2025 Table 3.2 of Form GSTR-3B captures the inter-state supplies made to unregistered persons, composition taxpayers, and UIN holders out of the ...

Offences under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at Pre-Trial Stage

Author
CA. Ajay Kumar agarwal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 949
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Offences under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at Pre-Trial Stage Dr. Manoj Khanna v. Income Tax Officer, CRL.M.C. 7461/2025 (Delhi High Court, 2 December 2025) In a sig...

Peak Cash Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act

Author
CA. Ajay Kumar agarwal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 2210
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Peak Cash Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act The concept of Peak Cash Credit is a judicially recognised method used by tax authorities and courts to determine the real...

Concept of Materiality in Audit – Foundation, Purpose, and Practical Application

Author
CA. Ajay Kumar agarwal
06/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 997
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Concept of Materiality in Audit – Foundation, Purpose, and Practical Application Materiality is a fundamental concept in auditing that determines the significance of an omission or misstatement in the financial...

Section 54F – Eligibility and Scope of Disqualification under the Proviso Clarification: Plots and Commercial Properties Do Not Trigger the Proviso

Author
CA. Ajay Kumar agarwal
05/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1454
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Section 54F – Eligibility and Scope of Disqualification under the ProvisoClarification: Plots and Commercial Properties Do Not Trigger the Proviso Section 54F of the Income-tax Act, 1961 grants exemption from l...

Penalty under Section 270A – Whether Penalty Proceedings Can Continue When Quantum Appeal Is Pending Before CIT(A)

Author
CA. Ajay Kumar agarwal
05/12/2025  |  4 COMMENTS  |  VISITOR'S COUNT: 4151
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Penalty under Section 270A – Whether Penalty Proceedings Can Continue When Quantum Appeal Is Pending Before CIT(A) The introduction of Section 270A by the Finance Act 2016 marked a shift from the traditional r...

Addition under Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal Reiterates Binding Effect of Jurisdictional High Court Rulings

Author
CA. Ajay Kumar agarwal
05/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1440
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Addition under Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal Reiterates Binding Effect of Jurisdictional High Court Rulings ITAT Delhi: Intermesh Shopping Network Pvt. Ltd. vs....

Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal?

Author
CA. Ajay Kumar agarwal
04/12/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1710
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Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal? Scope of Amendment to Section 80IA(7) – ITAT Delhi :FIVD India Consulting Pvt. Ltd. v. DCIT, Circle 1(1), GurgaonITA No. 3877/Del/2025 | Ord...