ITAT Bangalore held that a REIT, being a trust and not a company, is not eligible for deduction under Section 35D(2)(c) on IPO and listing expenses.
F&O and intraday trading are business income, not capital gains. Know ITR-3, audit thresholds, loss set-off, advance tax and compliance requirements.
US dividends are taxable in India with FTC under the India–US DTAA. Know Form 44, Schedule FA, FTC limits and reporting requirements.
CBIC Notification 27/2026-Customs amends Notification 25/2002 to revise the list of goods eligible for BCD exemption for lithium ion cell manufacturing.
CBIC Notification 26/2026-Customs grants nil BCD on specified goods used in manufacturing inductor coil modules for mobile phones until 31 March 2029.
CBIC Notification 25/2026-Customs grants nil BCD on specified goods used to manufacture display assemblies for automotive, medical and industrial applications.
ITAT Pune held that an employees’ co-operative credit society is entitled to deduction under Section 80P(2)(a)(i) on eligible interest from bank deposits.
ITAT Pune held reassessment under Sections 147/148 invalid as no mandatory Section 143(2) notice was issued after a valid return filed in response to Section 148.
