Income Tax : The framework outlines mandatory disclosures and timelines for opting into safe harbour. Key takeaway: strict compliance is essent...
Income Tax : The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified reporting r...
Income Tax : A detailed overview of updated TDS provisions mapping old and new sections, rates, and thresholds. Helps taxpayers understand comp...
Income Tax : The new tax law addresses long-standing concerns over complexity by reducing provisions and simplifying language. It introduces st...
Income Tax : The case highlights how the new framework enforces stricter compliance using data analytics. It underscores that incorrect declara...
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 replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clear...
Income Tax : A free live workshop will discuss the structure and practical implications of the proposed Income-tax Act, 2025 and amendments und...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : The Supreme Court set aside the NCLAT order for relying on a non-existent quasi-judicial income tax order. The key takeaway is tha...
Income Tax : Rule 81 prescribes dataset construction, weighted averages, and a 35th–65th percentile arm’s length range when multiple compar...
Income Tax : The latest amendment excludes income arising from transfer of pre-2017 investments from GAAR scrutiny. It reinforces the protectio...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Income Tax : The circular introduces mandatory Form I and Form II for SWFs to claim tax exemptions. The ruling ensures structured application a...
Income Tax : The notification requires payers to generate UINs and file quarterly details of declarations even where no tax is deducted. It enh...
Income Tax : CBDT introduced Income-tax Rules, 2026 to operationalize the Income-tax Act, 2025. The rules standardize procedures on valuation, ...
The issue relates to filing appeals within the prescribed limitation period. The rule mandates filing within two months of order communication. The key takeaway is strict adherence to timelines for appeal rights.
Errors in Form 113 can be corrected through revised filings. The ruling mandates issuance of updated Form 114 certificates accordingly. This ensures accuracy while maintaining compliance integrity.
The issue is reporting of donations by non-profits under Section 354(1). The key takeaway is that Form 113 must be filed to enable donor tax deductions.
NPOs must file Form 112 if income exceeds the exemption limit. Filing is essential to claim tax exemptions under the new law.
The issue is whether approval is required to change accumulation purpose. The key takeaway is that Form 110 must be filed and approved before altering the purpose.
The case highlights conditions for claiming accumulation under section 342(1). Filing within the prescribed timeline is essential. The takeaway is strict compliance with filing deadlines.
Failure to file Form 108 before the return due date results in loss of exemption benefits. The ruling emphasizes strict adherence to timelines. This highlights the importance of timely compliance for non-profits.
Providing incorrect or misleading information can result in rejection or cancellation of registration. The ruling highlights strict scrutiny of disclosures. This safeguards against misuse of tax benefits.
The issue concerns the process for granting or rejecting provisional registration or approval. The framework defines timelines, validity, and conditions. The key takeaway is structured compliance for registration under the new regime.
Form 105 streamlines registration and approval for non-profits under the new tax regime. It improves compliance and enables tax benefits for organisations and donors.
