The ITAT Mumbai dismissed the Revenue’s appeal, holding that penalty cannot be imposed where the assessee’s claim is based on a genuine interpretation of Section 44 and Rule 5 and involves a debatable ...

The Madras High Court held that recovery of penalty under Section 271(1)(c) shall remain stayed when the main income tax ...

The DOJ is seeking five-year prison sentences for Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill. After ...

Now, when the roads are smooth and the economy is strong, you ride is comfortable. However, when the road gets bumpy, you ...

A PAN isn't just random characters; each part tells you something specific about who it belongs to. The Permanent Account Number, or PAN, is a 10-character alphanumeric code. The Income Tax Department ...

If you invest in Silver ETFs or mutual funds, tax rules remain similar. The benefit? Easier to track and prove investments since all records are digital.

Indian vehicle retail sales soar to record highs, fueled by tax cuts and strong rural demand during the festive season.

A recent discussion on the LocalCircles platform involved someone sharing that her friend asked her to give ₹2 lakh in cash ...

India’s wealth management grows 3–4x as households shift from gold and FDs to equities, SIPs and advisory-led investing, ...

"Rural demand is expected to remain on a steady upward trajectory, underpinned by rising real wages. Healthy rabi prospects, coupled with lower rural inflation, should help to sustain the ongoing ...

V Anantha Nageswaran cites GST rate cuts and income tax relief as key drivers; says a trade deal with the US could further ...

This paper is authored by Rajesh Chadha, senior fellow, Ganesh Sivamani, associate fellow and Rajat Verma, CSEP, New Delhi.