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Income Tax : The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights taxpayer duties, righ...
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 : 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 : ITAT Delhi held that revisionary proceedings under 263 of the Income Tax Act justifiable since related-party expenses were accepte...
Income Tax : The Tribunal held that failure to issue a jurisdictional transfer order under Section 127 invalidates the assessment. It ruled tha...
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 : 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...
CBDT Notification 82/2025 extends the applicability of Income Tax Act Section 10(23FE) provisions from March 31, 2025, to March 31, 2030.
The Ministry of Finance extends the Income Tax Act’s Section 10(23FE) exemption deadline from March 2025 to March 2030.
The Ministry of Finance extends the Income Tax Act’s Section 10(23FE) exemption deadline from March 2025 to March 2030.
CBDT Notification 79/2025 extends the applicability of Income Tax Act Section 10(23FE) provisions from March 31, 2025, to March 31, 2030.
CBDT Notification 78/2025 extends the applicability of Income Tax Act Section 10(23FE) provisions from March 31, 2025, to March 31, 2030.
CBDT extends the income tax exemption deadline under Section 10(23FE) from March 31, 2025, to March 31, 2030, via Notification No. 77/2025.
CBDT extends an income tax exemption under Section 10(23FE) of the Income-tax Act, 1961, from March 2025 to March 2030. This notification, dated July 11, 2025, impacts certain income tax provisions.
The Ministry of Finance extends the deadline for certain Income Tax Act Section 10(23FE) provisions from March 31, 2025, to March 31, 2030.
CBDT Notification 74/2025 extends the Section 10(23FE) income tax exemption period from March 31, 2025, to March 31, 2030, amending a 2020 notification.
As Income Tax Department initiates scrutiny for Assessment Year (AY) 2024–25, many taxpayers are receiving notices under Section 143(2) of Income Tax Act, 1961. If you’ve received one, don’t panic—but don’t ignore it either.
