PAN Correction New Rules 2026: Complete Guide to PAN CR-01 & PAN CR-02 (Step-by-Step)
By Editor | Published on 2026-04-05 13:04:16If you are searching for how to correct PAN card details, the Government of India has introduced a new procedure effective from 1 April 2026. This update simplifie...
Read MoreA legal person never pays income tax.
By Shailesh Kanth | Published on 2026-03-06 16:12:57I know you won't believe me, but if you answer the following questions correctly, you'll find out for yourself.
Question 1: Is net profit income or part of income?
If yo...
Read MoreITAT Upholds PCIT’s Revision on Bogus Political Donation Deduction (Sec. 80GGC)
By Editor | Published on 2025-09-30 16:53:52Case: Milind Pankajbhai Shroff Vs PCIT (ITAT Rajkot)
Facts of the Case
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The taxpayer, Milind Pankajbhai Shroff,...
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Why Maintaining Detailed Books of Accounts Is Important: Understanding Sections 44AD & 44ADA
By Editor | Published on 2025-09-30 16:43:39The Income Tax Act, 1961, provides Sections 44AD and 44ADA to simplify taxation for small businesses and professionals. These sections allow taxpayers to declare presumptiv...
Read MoreTeacher vs ITAT Delhi (2025) – Cash Gift of ₹3.5 Lakh from Daughter Not Taxable
By Editor | Published on 2025-09-30 15:45:46Court/Authority: Income Tax Appellate Tribunal (ITAT), Delhi
Date: 2025
Law Involved: Income Tax Act, 1961 – Sections ...