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Income Tax : In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Busines...
Income Tax : The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, acquiring a...
Income Tax : Check the updated tax slabs for FY 2025-26. Know the new tax rates, rebate changes, exemption limits, and comparison with the old ...
Income Tax : Compare India's old and new tax regimes. Learn about tax slabs, deductions, and which option suits your income and investment habi...
Income Tax : Learn about Tax Deducted at Source (TDS) in India, its applicability, key sections, deduction process, penalties, and recent updat...
Income Tax : AIFTP urges swift disposal of 5,49,042 income-tax appeals pending with NFAC/CIT(A), some for over 5 years, to alleviate taxpayers'...
Income Tax : Comprehensive list of 30 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...
Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...
Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...
Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...
Income Tax : ITAT Ahmedabad allows deduction under Section 80-IA despite late filing of Form 10CCB, ruling it as a procedural lapse. Read key c...
Income Tax : Bombay High Court permits K.S. Bilawala to file a revised tax return, ruling that "genuine hardship" under Section 119(2)(b) of th...
Income Tax : Punjab & Haryana HC dismissed a writ petition in Red Chilli International Sales vs. ITO, holding that interference at the notice s...
Income Tax : Madras HC voids order rejecting compounding plea, citing no time limit under Sec. 279(2) of Income Tax Act....
Income Tax : Madras HC voids reassessment, ruling change of opinion beyond 4 years is illegal. No non-disclosure by Saravana Stocks found....
Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...
Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...
Income Tax : Learn about high-risk CRIU/VRU case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA port...
Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...
Income Tax : The IT Dept. has flagged high-risk non-filers for AY 2019-22 on the Insight Portal under RMS Cycle 5. Assessing Officers can revie...
Budget 2025 revises block assessment rules for search cases, covering undisclosed income, assessment procedures, penalties, and time limits under I-T Act Sections 158B-158BG.
Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 months from the financial year-end.
Delhi HC ruled on reassessment notices under IT Act, 1961, addressing amendments by Finance Act, 2021, and limitation periods following Supreme Court precedents.
Orissa High Court quashes order rejecting Oneness Educational Trust’s plea for condonation of delay in filing a revised tax return for AY 2021-22.
Telangana High Court rules on tax exemption delay for Global Organisation for Development. Case examines condonation of Form 10B filing delays under Income Tax Act.
ITAT Delhi ruled on Section 14A disallowance and its impact on MAT under Section 115JB in ACIT vs. Vireet Investment Pvt. Ltd. Key case details and outcome.
ITAT Mumbai dismissed the Revenue’s appeal in DCIT Vs. Welspun Steel Ltd., ruling that Section 14A disallowance cannot exceed exempt income. Read case details.
Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, and revenue interests.
Learn how tax harvesting helps offset capital gains tax by selling loss-making investments. Optimize your tax savings and maintain a balanced investment portfolio.
ITAT Delhi held that advertisement and distribution revenue earned by Discovery Asia Inc. is taxable as per Mutual Agreement Resolution (MAP) as decided by competent authority of India & USA. Accordingly, appeal allowed partially.
