Income Tax : CBDT has notified updated ITR forms for AY 2025-26. Changes include revised asset reporting thresholds, capital gains bifurcation,...
Income Tax : Learn about the revised ITR-1 (Sahaj) & ITR-4 (Sugam) forms for AY 2025–26. Updated rules include LTCG reporting, income limits,...
Income Tax : ITR Forms 1 & 4 for AY 2025-26 are notified with changes including LTCG reporting, presumptive taxation limits, and additional dis...
Income Tax : CBDT introduces AI/ML for ITR scrutiny selection. Automated risk scoring based on data mismatches demands greater accuracy from ta...
Income Tax : Check TDS and TCS rates for FY 2025-26 (AY 2026-27) for residents and non-residents. Includes thresholds, rates, and key sections ...
Income Tax : Karnataka State Chartered Accountants Association raises concern over delayed release of ITR forms for AY 2025-26, pressing CBDT f...
Income Tax : CBDT revises ITR Forms 1 & 4 for AY 2025-26, expanding eligibility criteria, adding disclosure requirements and simplifying compli...
Income Tax : CBDT's electronic campaign helps taxpayers fix mismatches in income and transactions for FY 2023-24 and 2021-22. Revised ITRs can ...
Income Tax : Understand PFA and defective return queries for ITR 1-6 for AY 24-25, including MAT applicability, TDS/TCS claims, and income disc...
Corporate Law : A record 7.28 crore ITRs filed for AY 2024-25, with 5.27 crore in the New Tax Regime. Over 69.92 lakh ITRs were filed on 31st July...
Income Tax : ITAT Ahmedabad remands ₹77.47 crore unexplained expenditure case of Redex Enterprise due to violation of natural justice during ...
Income Tax : ITAT Jaipur held that the assessee has sufficient amount of interest free fund to make investment yielding exempt income, therefor...
Income Tax : Assessee was a medical professional, filed his returns for the Assessment Year (AY) 2018-19. The appeal concerned an addition of o...
Income Tax : ITAT Delhi held that interest under section 234A of the Income Tax Act is leviable from the first date immediately following the d...
Income Tax : Delhi High Court held that deduction of tax by Land Acquisition Collector is duly, however, the same was not reflected in Form 26A...
Income Tax : CBDT issues Income-tax (18th Amendment) Rules, 2025, substituting Form ITR-7. New form effective from April 1, 2025, under section...
Income Tax : CBDT revises ITR-V and Acknowledgement forms for AY 2025-26, effective April 1, 2025, with updated verification and filing instruc...
Income Tax : CBDT Notification 44/2025 amends Income-tax Rules 1962, substituting FORM ITR-6 in Appendix II, effective from April 1, 2025....
Income Tax : CBDT issues Income-tax (Fourteenth Amendment) Rules, 2025, effective April 1, 2025, replacing FORM ITR-5 in Appendix-II....
Income Tax : CBDT issues Notification 41/2025, effective April 1, 2025, substituting the ITR-3 form in Appendix II of the Income-tax Rules, 196...
The ITAT Bangalore rules in favor of GSSS Credit Co-operative Society Limited, allowing interest income from co-operative banks to qualify for deduction under Section 80P(2)(d).
Navigate complexities of personal income tax in India for FY 2023-2024. Learn about filing returns, responding to notices, and optimizing your tax obligations. Get expert insights and avoid common pitfalls.
Unsure if you need to file your Income Tax Return (ITR) for FY 2023-24? Learn about mandatory filing criteria, exemption limits, and key thresholds in this comprehensive guide.
Learn essential tips for hassle-free filing of income tax returns like a pro. Maximize deductions and minimize errors with these expert guidelines.
Learn what happens if your income tax return is deemed defective and how to rectify it. Understand Section 139(9) and your options under the Income Tax Act.
Read the detailed analysis of ITAT Delhi’s order regarding capital gains earned from the sale of CCL International shares. ITAT deemed the gains genuine, deleting the addition under section 69 of the Income Tax Act.
Learn the protocol for income tax compliances after the demise of a taxpayer. Understand legal heir responsibilities, registration as a representative assessee, income computation, and the requirement of intimating tax authorities.
Explore FAQs on filing income tax returns including required documents, taxes on business income, capital gains, gifts, crypto trading, and more.
In the case of Gopalkrishna Pandu Shetty Vs ACIT (ITAT Mumbai), deduction under Section 54 of the Income Tax Act is allowed for a property purchased in the wife’s name. Detailed analysis and conclusion provided.
Learn about tax treatment of Sovereign Gold Bonds (SGBs), including interest income, redemption, and capital gains, and how to report them in your Income Tax Returns (ITR).
