Form 54 User Manual Income Tax Act 2025 1. Overview Transfer pricing can create uncertainty when international transactions are involved, as the price must be at arm’s length to avoid future disputes. To provide certainty in advance and reduce litigation, the Income Tax Department allows taxpayers to enter into an Advance Pricing Agreement (APA) for… Read More »
Form 3CEC / Form 50 User Manual Income Tax Act 2025 Form 50 User Manual 1. Overview Transfer pricing can create uncertainty when international transactions are involved, as the price must be at arm’s length to avoid future disputes. To provide certainty in advance and reduce litigation, the Income Tax Department allows taxpayers to enter… Read More »
Form 9 / Form 180 User Manual Income Tax Act 2025 Form 180 User Manual 1. Overview • Form 180 is a compliance form used by employee welfare funds to seek recognition as an approved fund under the Income Tax Act, 2025. • This form applies to funds that are set up as a trust,… Read More »
Important Income Tax Case Laws 28.04.2026 Relevant Act Section / Rule Case Law Title Citation Brief Summary Black Money Act, 2015 Sec 3 Atanu Banerjee v. DDIT (Inv) Click Here Foreign Asset Disclosure: Matter remanded to allow the assessee a final opportunity to substantiate the source of credits in an undisclosed foreign bank account from… Read More »
I. TDS on Immovable Property: Liability Arises on Total Consideration, Regardless of Payment Status Facts The Transaction: During AY 2018-19, the assessee purchased land for a total consideration of ₹4.81 crores. The Default: The assessee deducted TDS at 1% (under Section 194-IA) only on an amount of ₹1.43 crores. No TDS was deducted on the… Read More »
Form 3BB / Form 1 User Manual Income Tax Act 2025 Form 1 User Manual 1. Overview & Purpose of the form A stock exchange must meet certain conditions to qualify under section 2(92) of the Act for derivatives trading. It must have SEBI’s approval and follow all SEBI guidelines, record and store complete client… Read More »
Micro-Finance and Business Correspondent Activities for Socio-Economic Empowerment Qualify as “Relief of the Poor” under Section 2(15) Facts The Entity: The assessee is a trust incorporated in 2003, dedicated to the socio-economic empowerment of downtrodden and marginalized communities. Registration Status: The trust held valid registration under Section 12A (charitable status) under both the old and… Read More »
Form 51 User Manual Income Tax Act 2025 1. Overview Transfer pricing can create uncertainty when international transactions are involved, as the price must be at arm’s length to avoid future disputes. To provide certainty in advance and reduce litigation, the Income Tax Department allows taxpayers to enter into an Advance Pricing Agreement (APA) for… Read More »
DTVSV- 2024 _Form 1 User Manual Income Tax Act 2025 DTVSV- 2024 _Form 1 User Manual 1.Overview Direct Tax Vivad se Vishwas Scheme, 2024 (DTVsV Scheme, 2024)is a scheme notified by the Government of India on 20th September, 2024 to resolve pending appeals in case of income tax disputes. The DTVsV Scheme, 2024 was enacted vide… Read More »
Disclosure in Schedule FA Not Enough: Onus on Resident to Substantiate Source of Foreign Asset Under Black Money Act Facts The Discovery: During the assessment for AY 2021-22, the Department noticed credits totaling USD 4,05,000 in the assessee’s foreign bank account in the USA. The Asset: These credits were proceeds from the sale of a… Read More »