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Latest Articles


Section 50C Cannot Create Income Under Section 56: Statutory Analysis

Income Tax : Analysis explains why Section 50C is a computation provision, discusses the First Proviso to Section 50C(1), and examines its stat...

July 9, 2026 69 Views 0 comment Print

10 Transactions Requiring Shift From ITR-1 to ITR-2 or ITR-3

Income Tax : Capital gains, business income, foreign assets, directorship and other transactions may make taxpayers ineligible to file ITR-1....

July 9, 2026 945 Views 0 comment Print

ITR Filing Due Dates for FY 2025-26 (AY 2026-27)

Income Tax : Know ITR due dates for FY 2025-26, belated and revised return deadlines, ITR-U timelines, late filing consequences and correspondi...

July 9, 2026 285 Views 0 comment Print

Red Alert: Capital Gains Tax on US-Listed RSU/ESOP Share Sales

Income Tax : Learn how to report RSU and ESOP share sales for AY 2026-27, including capital gains, Schedule FA, Schedule CG, advance tax and di...

July 9, 2026 138 Views 0 comment Print

ITR-1, ITR-2 or ITR-4: Choosing Correct Return Form for AY 2026-27

Income Tax : Know the eligibility, exclusions and key differences between ITR-1, ITR-2 and ITR-4 for AY 2026-27, including Section 139(9) and r...

July 9, 2026 87 Views 0 comment Print


Latest News


Request to Enable Section 270AA Immunity Applications for Misreporting Cases

Income Tax : A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Sec...

July 8, 2026 354 Views 0 comment Print

Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments

Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...

June 19, 2026 321 Views 0 comment Print

Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion

Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...

June 6, 2026 6319 Views 0 comment Print

ITAT Prioritizes Old Appeals as Rising Pendency Requires Urgent Disposal Measures

Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...

June 5, 2026 372 Views 0 comment Print

Request for Rationalisation and Merger of TDS Return Codes 1023 & 1024

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...

June 4, 2026 2253 Views 0 comment Print


Latest Judiciary


BSNL VRS Compensation Exempt Under Section 10(10B): ITAT Pune

Income Tax : ITAT Pune held BSNL VRS compensation exempt under Section 10(10B), condoned delay in filing appeals, and directed grant of refund ...

July 9, 2026 9 Views 0 comment Print

Delay in Appeal Condoned to Allow Section 10(10B) Exemption Claim: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad condoned delay in filing appeal and allowed Section 10(10B) exemption claim for BSNL VRS compensation, making the a...

July 9, 2026 9 Views 0 comment Print

Section 80G Deduction for Eligible CSR Donations Allowed; TP Adjustments Deleted: ITAT Delhi

Income Tax : ITAT Delhi deleted TP adjustments on export commission and model fee, allowed Section 80G claim principles, and granted relief on ...

July 9, 2026 30 Views 0 comment Print

CSR Donation Eligible for Section 80G Despite Section 37(1) Disallowance: Delhi ITAT

Income Tax : ITAT Delhi held that disallowance of CSR expenditure under Section 37(1) does not prevent Section 80G deduction for eligible donat...

July 9, 2026 36 Views 0 comment Print

CSR Donations Eligible for Section 80G Deduction Despite Section 37(1) Disallowance: Delhi ITAT

Income Tax : ITAT Delhi held that disallowance of CSR expenditure under Section 37(1) does not bar Section 80G deduction for eligible donations...

July 9, 2026 33 Views 0 comment Print


Latest Notifications


CBDT Authorises Upload of AEOI Information in Form 168 Under AIS

Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in Annual Information Statement Form 168 under section 239 and Rule 245(...

July 9, 2026 267 Views 0 comment Print

CBDT Authorises Upload of AEOI Information in Form 26AS Under AIS

Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in AIS Form 26AS under sections 119, 90 and 90A, prescribing timelines a...

July 9, 2026 333 Views 0 comment Print

CBDT Clarifies Safe Harbour Rules for Rough Diamond Sales in Special Notified Zones

Income Tax : CBDT Circular 05/2026 clarifies safe harbour rules for foreign companies selling raw diamonds in Special Notified Zones, covering ...

July 9, 2026 99 Views 0 comment Print

No TDS on IFSC Aircraft Lease Rent Subject to Form 1(N): CBDT

Income Tax : CBDT Notification 74/2026 exempts TDS on eligible IFSC aircraft lease rent under section 393, subject to Form 1(N), effective from...

July 9, 2026 111 Views 0 comment Print

CBDT Notifies NCCL Core Settlement Guarantee Fund Under Section 11

Income Tax : CBDT notifies NCCL's Core Settlement Guarantee Fund under Section 11 and Schedule III of the Income-tax Act, 2025, subject to spec...

July 8, 2026 96 Views 0 comment Print


Goodwill Arising on Slump Sale Eligible for Depreciation: ITAT Bangalore

July 9, 2026 63 Views 0 comment Print

ITAT Bangalore held that goodwill arising on slump sale qualifies for depreciation under Section 32 and Explanation 3 to Section 43(1) was wrongly invoked.

Section 50C Cannot Create Income Under Section 56: Statutory Analysis

July 9, 2026 69 Views 0 comment Print

Analysis explains why Section 50C is a computation provision, discusses the First Proviso to Section 50C(1), and examines its statutory scope.

10 Transactions Requiring Shift From ITR-1 to ITR-2 or ITR-3

July 9, 2026 945 Views 0 comment Print

Capital gains, business income, foreign assets, directorship and other transactions may make taxpayers ineligible to file ITR-1.

ITR Filing Due Dates for FY 2025-26 (AY 2026-27)

July 9, 2026 285 Views 0 comment Print

Know ITR due dates for FY 2025-26, belated and revised return deadlines, ITR-U timelines, late filing consequences and corresponding provisions.

Section 68 Addition on Loans From Wife and Company Deleted: Delhi ITAT

July 9, 2026 69 Views 0 comment Print

Delhi ITAT upheld deletion of Section 68 additions after finding loans from the assessee’s wife and company were genuine and supported by identity and creditworthiness.

Red Alert: Capital Gains Tax on US-Listed RSU/ESOP Share Sales

July 9, 2026 138 Views 0 comment Print

Learn how to report RSU and ESOP share sales for AY 2026-27, including capital gains, Schedule FA, Schedule CG, advance tax and disclosure requirements.

ITR-1, ITR-2 or ITR-4: Choosing Correct Return Form for AY 2026-27

July 9, 2026 87 Views 0 comment Print

Know the eligibility, exclusions and key differences between ITR-1, ITR-2 and ITR-4 for AY 2026-27, including Section 139(9) and revised return rules.

Section 271D Penalty Quashed as Six-Month Limitation Expired: Bengaluru ITAT

July 9, 2026 90 Views 0 comment Print

Bengaluru ITAT quashed Section 271D penalties as time-barred, holding the six-month limitation under Section 275(1)(c) expired before the penalty orders.

Mumbai ITAT Deletes Section 69A Addition as CHA Customs Duty Collections Are Fiduciary Receipts

July 9, 2026 228 Views 0 comment Print

ITAT Mumbai held that customs duty collections received by a CHA in a fiduciary capacity are not taxable under Section 69A and deleted the ₹1.36 crore addition.

CBDT Authorises Upload of AEOI Information in Form 168 Under AIS

July 9, 2026 267 Views 0 comment Print

CBDT authorises DGIT (Systems) to upload AEOI information in Annual Information Statement Form 168 under section 239 and Rule 245(2).

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