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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 : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
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 : The Revenue sought to tax software distribution income as royalty despite judicial precedents to the contrary. The Tribunal dismis...
Income Tax : The Revenue disallowed loan repayments alleging double deduction of charitable expenditure. The Tribunal ruled that documentary ev...
Income Tax : The issue was whether expenditure could be disallowed under Section 14A read with Rule 8D when the assessee had not earned any exe...
Income Tax : The issue was whether SBN deposits accepted by a co-operative society during demonetisation could be added under Section 68 solely...
Income Tax : The Tribunal held that an incomplete document recovered from an employee's laptop could not justify an addition under Section 69 w...
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...
Income Tax Act, 1961, has undergone continuous reforms over the years to enhance clarity, efficiency, and taxpayer compliance. Despite these efforts, ambiguities in certain provisions have often led to misuse such as wrongful claims of deductions, underreporting of income, or complete non-disclosure.
Bengaluru tax authorities challenge NFAC order on unsecured loan deletion, citing Rule 46A violation. Case remitted for fresh adjudication.
Understand India’s capital gains tax evolution, including legislative history, special tax rates, and the Section 87A rebate, with recent amendments and ongoing issues.
Understand tax deduction at source (TDS) on payments to non-residents and foreign companies, including applicable rates, DTAA benefits, PAN requirements, and compliance forms like 15CA/15CB.
Start filing your Income Tax Returns (ITR-1 Sahaj & ITR-4 Sugam) for AY 2025-26 (FY 2024-25) now! Access online/offline utilities on incometax.gov.in. Get detailed info on eligibility, modes, and essential documents for timely and accurate ITR filing.
ESG principles continue to evolve globally, with a need for sector-specific standards, data monitoring, and improved reporting for sustainable growth.
CBDT extends ITR filing for AY 2025-26 to Sept 15, 2025. Learn about interest on income tax refunds under Section 244A and its tax implications.
CBDT corrigendum adds Sikkim to the list of eligible states for income tax deductions under Section 80-IE for North-Eastern undertakings.
CBDT issues corrigendum adding Sikkim to Schedule 80-IE for income tax deductions under Section 80-IE for North-Eastern undertakings.
Stay informed on India’s Income Tax for 2025 with this comprehensive guide covering new and old tax regimes, deductions, capital gains, TDS, TCS, and due dates.
