Income Tax : This glossary explains the most commonly used terms under the Income-tax Act, 1961, including PAN, TDS, assessment, appeals, and c...
Income Tax : Learn when senior citizens must file an Income Tax Return, who qualifies for the age-75 exemption, and how Form 125 works. The gui...
Income Tax : This FAQ guide explains the applicability of ITR forms, filing methods, due dates, penalties, and taxpayer obligations for AY 2026...
Income Tax : This comprehensive FAQ guide explains the basics of income tax, including taxable income, previous year, assessment year, tax paym...
Goods and Services Tax : The article questions the use of Section 74 for mere reconciliation differences between Form 26AS and GSTR-1. The key takeaway is ...
Income Tax : All Odisha Tax Advocates Association requests due date extensions for AY 2025-26 ITRs and Tax Audit Reports citing portal glitches...
Income Tax : The Tax Bar Association of Bhilwara requests an extension for the FY 2024-25 income tax return and audit report deadlines, citing ...
Income Tax : Explore Income Tax Day 2024s history, significance, and key updates from Budget 2024-25, including enhanced deductions and revised...
Goods and Services Tax : Bikaner Tax Consultants Association seeks an extension of the Income Tax Return filing deadline due to ITD portal glitches and iss...
Income Tax : ICAI addresses issues with Form 26AS/TIS/AIS and ITR filing glitches, urging CBDT for timely resolution to aid taxpayers in meetin...
Service Tax : CESTAT held that Income Tax data without corroborative evidence cannot establish service tax liability and quashed the demand....
Income Tax : The Gujarat High Court held that the Tribunal rightly deleted the addition after finding that the Assessing Officer had not verifi...
Service Tax : The Gauhati High Court held that the extended limitation under Section 73 cannot be invoked without specific findings of fraud, su...
Income Tax : The ITAT Ahmedabad upheld the disallowance of employees' PF/ESI contributions deposited beyond the due dates prescribed under the ...
Income Tax : The ITAT Pune upheld the deletion of an addition made by extrapolating a small unreconciled difference in Form 26AS to the entire ...
Income Tax : ADVISORY NO.: 45 Dated:- 14.07.2022 0/o PCDA(0) Pune, Public Relation office (PRO) Subject: Income Tax Demand Notice under section...
Income Tax : CBDT authorizes Director General of Income-tax (Systems) to upload information relating to Foreign remittance information reported...
Service Tax : Representations have been received from various trade bodies and associations regarding instances of indiscriminate issuance of de...
Income Tax : Director-General of Income-tax (Systems) to upload information relating to GST return, which is in his possession, in the Annual I...
Income Tax : The new Form 26AS is the faceless hand-holding of the taxpayers to e-file their income tax returns quickly and correctly. From thi...
CESTAT held that Income Tax data without corroborative evidence cannot establish service tax liability and quashed the demand.
This glossary explains the most commonly used terms under the Income-tax Act, 1961, including PAN, TDS, assessment, appeals, and capital assets. It serves as a quick reference guide based on the Finance Act, 2026.
The Gujarat High Court held that the Tribunal rightly deleted the addition after finding that the Assessing Officer had not verified the assessees claim. It ruled that no substantial question of law arose and dismissed the Revenues appeal.
The Gauhati High Court held that the extended limitation under Section 73 cannot be invoked without specific findings of fraud, suppression, or wilful intent. The Court set aside the service tax demand, interest, and penalty for lack of statutory compliance.
Learn when senior citizens must file an Income Tax Return, who qualifies for the age-75 exemption, and how Form 125 works. The guide also explains document preparation, choosing the correct ITR form, and avoiding common filing mistakes.
The ITAT Ahmedabad upheld the disallowance of employees’ PF/ESI contributions deposited beyond the due dates prescribed under the respective Acts. Following binding Supreme Court and Gujarat High Court precedents, the Tribunal held that payment before filing the income tax return does not cure the delay, while remanding the Form 26AS mismatch issue for fresh verification.
The ITAT Pune upheld the deletion of an addition made by extrapolating a small unreconciled difference in Form 26AS to the entire year’s receipts. It held that the Assessing Officer’s approach ignored the revised reconciliation and could not form the basis for estimating undisclosed income.
This FAQ guide explains the applicability of ITR forms, filing methods, due dates, penalties, and taxpayer obligations for AY 2026-27. It also clarifies revised, belated, and updated return provisions to help ensure accurate compliance.
This comprehensive FAQ guide explains the basics of income tax, including taxable income, previous year, assessment year, tax payment methods, and return filing obligations. It also covers practical compliance requirements and taxpayer responsibilities under the Income-tax Act.
The Gauhati High Court held that a service tax demand based only on Form 26AS, without examining the nature of services or taxability, is unsustainable. The Court quashed the tax demand, interest, and penalties.
