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Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...
Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...
Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Jodhpur ITAT held that deduction under Section 80GGC cannot be denied merely on allegations against a political party in the a...
Income Tax : Assessment orders passed pursuant to express liberty granted by the High Court during pendency of settlement-related litigation re...
Income Tax : The ruling emphasizes that undisclosed business receipts and stock arising from an existing business cannot automatically be chara...
Income Tax : The Tribunal held that when sales are accepted and books of account are not rejected, the entire amount of disputed purchases cann...
Income Tax : The ITAT Pune held that the CIT(A)/NFAC cannot dismiss an appeal merely for non-prosecution without adjudicating the issues on mer...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
ITAT Jaipur allowed exemption under Section 54F in Goverdhan Singh Shekhawat Vs ITO despite technical non-compliance, emphasizing substance over form and judicial precedents.
ITAT Mumbai rules in favor of assessee, deleting a Rs 10.53 lakh cash deposit addition, citing Section 68 non-applicability to bank accounts.
The ITAT Mumbai has deleted unexplained cash credit additions for the Pitkar family, ruling Section 68 inapplicable to bank passbooks and citing genuine medical expenses.
Delhi ITAT partially allows Rohit Goel’s appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing income based on bank credits.
Understand Indian income tax implications for non-resident shareholders on foreign company share buybacks. Learn about residential status, capital asset situs, and why capital gains on foreign shares are generally not taxable in India.
Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax assessments, referencing CBDT guidelines and recent tribunal rulings.
Learn about TDS Return Form 27Q for non-salary income of non-residents, including due dates, penalties, and interest on late filing or payment.
Comprehensive list of 30 banks available at the e-Filing Portal’s e-Pay Tax service. Find out the new and migrated banks, along with the respective dates of enablement. Simplify your tax payments with these trusted banking options.
ITAT Mumbai overturns A.O.’s additions for alleged bogus long-term capital gains and commission, citing lack of evidence and denial of cross-examination.
ITAT Nagpur rules Prerana Samajik Sanskrutik Trust’s provisional registration was wrongly cancelled. Temporary loans, not lack of genuineness.
