Income Tax : The Income Tax Act, 2025 replaces old reassessment provisions with Sections 279 to 286 and increases reopening timelines in certai...
Finance : The amended Finance Bill 2026 abolishes the Tax Recovery Officer’s power to arrest and detain taxpayers for recovery of dues. Th...
Income Tax : The article explains why advertisement expenses for brand building remain deductible under Section 37. Courts have consistently ru...
Income Tax : The article explains how Section 115BAE offers newly established co-operative societies a concessional 15% tax rate for manufactur...
Income Tax : The Income-tax Act, 2025 replaces old Sections 68 to 69D with a simplified sequential structure under Sections 102 to 106. The cha...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
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 : The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentialit...
Income Tax : The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, ...
Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...
Income Tax : ITAT Delhi held that the assessee was covered under the search proceedings even though its name did not specifically appear in the...
Income Tax : Bangalore ITAT ruled that only solar days and not cumulative man-days should be considered while determining the existence of a Pe...
Income Tax : SC examined nature of amounts received from an AOP and upheld findings that receipts constituted profit share rather than revenue ...
Income Tax : The Rajasthan High Court held that the benefit of Section 115BAA could not be denied when Form 10-IC was filed within the period p...
Income Tax : The Court held that the petitioner had no connection with the entities or individuals from whose devices the disputed material was...
Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...
Income Tax : The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cros...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Income Tax : The CBDT introduced Form ITR-U to allow taxpayers to update previously filed returns. The amendment promotes voluntary compliance ...
Income Tax : The CBDT has substituted the ITR-V form to strengthen verification of electronically filed returns. The amendment enhances accurac...
Unlock the latest Income Tax Act changes for FY 24-25 with our guide on slab rates, business income, trust taxation, TDS/TCS, and international tax strategies.
Adapt to Finance Act 2023: Corporates must ensure timely payments to MSMEs to avoid disallowances under amended Section 43B of the Income Tax Act, effective AY 2024-25.
Kerala High Court quashes an Income Tax assessment order against We Connect Agencies for not providing a hearing, emphasizing fair trial rights.
Explore the Delhi High Court judgment in CIT Vs S.A. Chitra Ventures Ltd. Understand the limitations on AO’s jurisdiction without income variation in draft assessment orders.
Explore the impact of Income Tax Sections 269SS, 269ST, 269SU, and 269T on transactions via Journal/Book Entries. Learn about legislative framework, judicial interpretations, and penalties.
Learn how to effectively respond to income tax notices and letters under the e-Verification Scheme 2021. Complete guide for taxpayers with step-by-step instructions
Discover the consequences of incorrect SFT reporting triggering U/s 148A notices under the Income Tax Act, 1961. Learn from a detailed case analysis and understand the implications for taxpayers.
Explore the impact of Income Tax Notification No. 23/2024 dated 26th Feb 2024, granting Panjab University Scientific Research status under section 35. Learn about the retrospective effect and its applicability for Assessment Years 2024-2025 to 2028-2029.
Understand Section 43B(h) of the Income Tax Act, 1961, its implications, and how it impacts payments to micro and small enterprises. Learn about compliance requirements and exemptions in this comprehensive guide.
Delhi High Court rules that TDS prosecution cannot proceed without proving an officer’s connection with corporate management, setting a key precedent.
