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Analysis of judgement of Supreme Court delivered on 15.12.2025 in the case of Director of Income Tax, Mumbai v. M/s American Express Bank Ltd., on the issue of Deduction of head office expenditure in the case of non-residents under section 44C of the Income Tax Act, 1961

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 195
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Analysis of judgement of Supreme Court delivered on 15.12.2025 in the case of Director of Income Tax, Mumbai v. M/s American Express Bank Ltd., on the issue of Deduction of head office expenditure in the case of non-resi...

Contribution from Foreign Countries [Under Foreign Contribution Regulation Act (FCRA), 2010]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 480
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Contribution from Foreign Countries [Under Foreign Contribution Regulation Act (FCRA), 2010]Any donation from a Non-resident Indian who is a foreign national can be received only if the recipient charitable trust or inst...

Assessment of Assessees in Entertainment Sector

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 225
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Assessment of Assessees in Entertainment SectorEntertainment sector consists of different segments under its fold such as television, radio, music, event management, films, animation and visual effects, broadcasting, spo...

Procedure for preparation of Central Scrutiny Report (CSR)

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 356
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Procedure for preparation of Central Scrutiny Report (CSR)Central Scrutiny Report (CSR), as it is called here, is essentially a report on the examination of the appeal orders be it that of the JCIT(A)/CIT(A) or the ITA...

Statutory Notices under Income Tax Act, 1961

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 334
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Statutory Notices under Income Tax Act, 1961Definition of Statutory NoticeA statutory notice is a formal communication delivered by law, typically in written form, requiring action or alerting an individual or entit...

Analysis of judgement of Supreme Court delivered on 15.12.2025 in the case of Director of Income Tax, Mumbai v. M/s American Express Bank Ltd., on the issue of Deduction of head office expenditure in the case of non-residents under section 44C of the Income Tax Act, 1961

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 180
Read More »
Analysis of judgement of Supreme Court delivered on 15.12.2025 in the case of Director of Income Tax, Mumbai v. M/s American Express Bank Ltd., on the issue of Deduction of head office expenditure in the case of non-resi...

Statutory Notices under Income Tax Act, 1961

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 226
Read More »
Statutory Notices under Income Tax Act, 1961Definition of Statutory NoticeA statutory notice is a formal communication delivered by law, typically in written form, requiring action or alerting an individual or entit...

Scope of Total Income [Section 5]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 210
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Scope of Total Income [Section 5]The Scope of Total Income is defined by the residential status of a taxpayer. Based on whether an individual or entity is a resident, RNOR, or non-resident, different types of income will...

Statutory Notices under Income Tax Act, 1961

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 190
Read More »
Statutory Notices under Income Tax Act, 1961Definition of Statutory NoticeA statutory notice is a formal communication delivered by law, typically in written form, requiring action or alerting an individual or entit...

Disallowance for marked-to-market loss [Section 40A(13)]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 170
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Disallowance for marked-to-market loss [Section 40A(13)]“Marked to market” (MTM) is an accounting and trading practice that updates an asset’s value to its current market price, rather than its original purchase (h...