ITAT Hyderabad held that disallowance under section 14A of the Income Tax Act is rightly deleted by CIT(A) since assessee has not earned any dividend income. Thus, when there is no dividend income, the provisions of section 14A are not applicable.
ITAT Nagpur held that addition under section 69C towards unexplained expenditure is liable to be deleted due to lack of corroborative and strong evidence. Accordingly, appeal of the department dismissed.
CBDT amends Income Tax Rules, effective April 1, 2025, revising Form 3CD, MSME interest provisions, buyback reporting, and loan/deposit classifications.
The Government of India keeps Small Savings Schemes interest rates unchanged for Q1 FY 2025-26 (April–June 2025), as per the Ministry of Finance directive.
CBDT circular allows waiver of TDS/TCS interest under sections 201(1A)/206C(7) due to technical errors. Details on eligibility and application process.
Rajasthan High Court quashes income tax reassessment for NRI property purchase. Learn why source of funds matters in tax cases.
Understand advance tax rules, due dates, and penalties for non-compliance. Learn how to avoid interest charges under sections 234B & 234C.
न्यूनतम और अधिकतम आय के नियम बनाना आर्थिक असमानता रोकने का उपाय है। अधिक खर्च और संपत्ति सीमा तय कर मंदी व काले धन पर नियंत्रण संभव है।
FCRA certificate validity extended till 30 June 2025 for pending renewals or expiry within 1 April-30 June 2025. Associations advised to follow compliance rules.
SEBI extends the deadline for regulated entities (excluding MIIs, KRAs, QRTAs) to implement the Cybersecurity and Cyber Resilience Framework to June 30, 2025.
