Dear Readers, Navigating the evolving investment landscape can be both exciting and complex for Non-Resident Indians (NRIs). From traditional options like Fixed Deposits and Mutual Funds to sophisticated vehicles such as Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), the opportunities are vast. A

Dear Readers, I hope you are in good health and high spirits! This article highlights the evolving authority of the Income Tax Department in accessing digital records during search operations. Under Section 132 of the Income Tax Act, 1961, and the proposed Section 247(1)(ii) of

Dear Readers, I hope you are in good health and high spirits! This article outlines a proposed amendment to the Income Tax Bill, enabling tax authorities to access personal digital data, including emails, social media, and digital assets, leveraging advanced digital forensics to combat tax

Dear Readers, I hope you are in good health and high spirits! This article highlights the ITAT’s ruling that the assessment orders for AY 2018-19 were invalid due to the Assessing Officer’s lack of valid jurisdiction in assessing undisclosed assets and income under the Black

Dear Readers, I hope this finds you in good spirits! This article highlights the action taken by India’s Revenue Departments to tackle black money and undisclosed foreign assets of High Net-Worth Individuals (HNIs) through enhanced scrutiny by the Enforcement Directorate and the Income Tax Department.

Dear Readers, Hoping you all are good! This article summarizes a recent judgment by Hon’ble ITAT whereby additions made by Assessing Officer (AO) on the basis of uncertified/ unauthenticated information received from Switzerland and British Virgin Islands have been deleted. On another note, it is