Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
Income Tax : Bangalore ITAT held that the Revenue cannot deny the fifth-year deduction under Section 35D after consistently allowing the claim ...
Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...
Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...
Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...
Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
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 : Additions made by attributing the commission income earned by PSPL as undisclosed income of the Assessees were held unsustainable ...
Income Tax : The High Court held that merely issuing a notice is insufficient if the assessee is not informed of further developments or given ...
Income Tax : The Kerala High Court condoned a 676-day delay in filing an ITAT appeal after finding that the assessee had bona fide relied on it...
Income Tax : The Chennai ITAT ruled that indexation benefits under Section 48 cannot be denied when construction details are already part of th...
Income Tax : The Tribunal observed that reliance on third-party statements without providing cross-examination rendered the additions legally u...
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 High Court held that the taxing authorities would be bound by the view already taken and it would in any case be impermissible for them to take contrarian views with respect to an identical set of facts. Accordingly, refund granted in earlier occasions has to be granted currently as based on identical set of facts.
Explore the legal saga of a petitioner seeking de-sealing of property in Salem. Uncover the missteps in liquidation, tax checks, and the plea for justice.
Embarking on an exploration of the Black Money Act, 2015 (BMA), this article navigates through 25 crucial FAQs, unraveling the intricacies of Undisclosed Foreign Income and Assets (UFIA). From the foundational understanding of BMA’s genesis to the comprehensive constitution of seven chapters and 88 sections, we delve into the meaning of UFIA, financial interests abroad, special features, applicability, and the roles of taxpayers. Throughout, we decipher the chargeability of income tax, allowance of expenditures, and set-off losses.
Directorate of Income Tax identifies high-risk non-filer cases for AY 2020-21. Insights, actions, and step-by-step guide on the RMS Cycle-3 strategy
Directorate of Income Tax (Systems) issues a crucial communication regarding High Risk Non-filer cases for the Assessment Year 2017-18.
ITAT Mumbai held that once only comparable as chosen by DRP fails, then same loses the comparability for determining the ALP.
Process and requirements for online filing of Form 10F by non-residents without PAN. Detailed steps, relevant provisions, and document checklist provided for seamless tax compliance in India
Revised Format, Procedure and Guidelines for submission of Statement of Financial Transaction (SFT) for Mutual Fund Transactions by Registrar & Share Transfer Agent as per Notification No. 4 of 2021. Find out data field types, DQ rules & file formats mandated by CBDT.
Understand revised format, procedure & guidelines for submission of Statement of Financial Transactions for Depository Transactions. Now required to be submitted as half-yearly basis instead of quarterly. Notification No. 3 of 2021 explains changes.
Article explains diverse roles in shipping, charter types, and tax implications for operators in the maritime industry, including benefits in International Financial Services Centres.
