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Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...
Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...
Income Tax : Explains how commission-driven incentives in banks lead to mis-selling of financial products. Highlights the need for structural r...
Income Tax : ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid...
Income Tax : A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...
Income Tax : The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office did not const...
Income Tax : The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India. The liaiso...
Income Tax : The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law constituted sufficient cause for...
Income Tax : The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits. The r...
Income Tax : The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective date. The provisi...
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
The framework permits taxpayers to settle offences by paying prescribed compounding charges instead of facing prosecution. It clarifies eligibility, timelines, and conditions for acceptance or rejection.
Income without satisfactory explanation is taxed at a special high rate under Section 115BBE. The provisions place strict liability on taxpayers to justify the nature and source of funds.
The framework clarifies that advance tax becomes mandatory when estimated liability exceeds ₹10,000, with specific exemptions for certain taxpayers. It outlines computation, payment schedules, and consequences of non-compliance, emphasizing structured tax payment during the financial year.
The framework outlines when TCS must be collected on goods, services, and remittances. It clarifies applicable rates, timing, and compliance requirements under tax law.
The framework clarifies that refunds can be claimed only through valid ITR filing and mandatory verification. It emphasizes procedural compliance and timely filing as key conditions.
The issue concerns taxation of AIFs, securitisation trusts, and business trusts. It was held that income is taxed at the investor level to ensure fiscal neutrality and prevent double taxation.
The framework clarifies taxation of non-residents based on income accrued or received in India. It outlines applicable tax rates, DTAA relief, and compliance requirements under the Income-tax Act.
The document outlines the structured process for determining total income and tax liability. It emphasizes stages including residential status, income computation, and final tax calculation.
The law mandates that legal representatives handle tax compliance for deceased persons. It ensures continuity of assessment and recovery from the estate.
The law imposes automatic interest for delays in filing returns and paying taxes. It ensures timely compliance through mandatory financial charges.
