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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...
Delhi ITAT ruled reassessment notice to AK Lumbers invalid, citing AO’s non-application of mind and denial of cross-examination in bogus sales case.
Bangalore ITAT overturns Rs. 31.79 lakh addition for unexplained cash deposits, citing assessee’s sufficient sources and AO’s calculation errors.
Navigate tax planning for dividends in Assessment Years 2021-2025. Understand key provisions, definitions, tax rates, TDS, and recent amendments for informed financial decisions.
Understand India’s advance tax rules, including due dates, interest implications (Sections 234B, 234C), and the advantages of timely payments for financial management.
Understand the taxation of Employee Stock Option Plans (ESOPs) and Restricted Stock Units (RSUs) in India, covering perquisite taxation and capital gains.
CBDT extends the ITR filing deadline for AY 2025-26 from 31 July to 15 Sept 2025 due to structural changes and system readiness requirements.
Income Tax Appellate Tribunal deletes addition of Rs. 16.04 lakhs, ruling CPC lacked jurisdiction for adjustment under Section 143(1) of the Income Tax Act.
Income Tax Tribunal rules on Rs. 23.33 lakh addition, clarifying Section 56(2)(vii)(b)(ii) for land held as stock-in-trade versus personal asset.
An assessee’s appeal against a ₹36.34 lakh cash deposit addition was dismissed by NFAC, New Delhi, due to a procedural error. The challenge targeted a rectification order, not the original assessment.
Mumbai ITAT dismisses Revenue appeal, affirming CIT(A)’s decision to delete ₹37.84 Cr bogus purchase addition for a bulk drug manufacturer, citing sufficient evidence.
