Income Tax : The article argues that recurring demands for ITR deadline extensions arise from delayed AIS updates, late utility releases, and t...
Income Tax : Large cash deposits, credit card spending, FDs, and UPI transactions are monitored by tax authorities. Taxpayers must ensure their...
Income Tax : Resident and Ordinarily Resident taxpayers holding foreign assets or earning foreign income must disclose details in Schedule FA. ...
Income Tax : Family members actively working in a business without proper remuneration or tax reporting may create inconsistencies in ITRs, AIS...
Income Tax : AY 2026-27 requires structured reporting of long-term and short-term gains from shares and mutual funds. Particular attention is n...
CA, CS, CMA : Chandigarh Chartered Accountants Taxation Association has requested CBDT to immediately release pending ITR e-filing utilities for...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
CA, CS, CMA : The Court found CBDT failed to follow its 2015 directive on timely ITR utility release. It ordered an affidavit with corrective st...
CA, CS, CMA : KSCAA urged CBDT to extend due dates for assessees under Section 92E, citing an omission in Circular No. 15/2025 that created inco...
Income Tax : Gujarat HC has directed CBDT to ensure that there is a mandatory one-month gap between date for furnishing tax audit reports (unde...
Income Tax : The Court emphasized that procedural defaults should not override substantive tax benefits where genuine hardship exists. It direc...
Income Tax : The Tribunal accepted that the taxpayer was pursuing rectification remedies and therefore condoned the delay in filing the appeal....
Corporate Law : The Calcutta High Court held that Income Tax Returns filed prior to the victim’s death could not be viewed with suspicion while ...
Service Tax : CESTAT Allahabad held that service tax demand raised merely on differences between ST-3 returns and Income Tax Returns without pro...
Income Tax : The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The Court adjourned th...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
Income Tax : The corrigendum fixes an incorrect aggregation formula in Schedule CG and wrong cross-references in Schedule UD. It ensures accura...
Income Tax : The corrigendum addresses formatting and reference errors in Schedule CG and Schedule OS. It clarifies reporting fields without al...
Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the correct tab under the applicable law.
The court interpreted the scope of Section 91 CrPC in summoning documents. It ruled that parties cannot demand documents as a matter of right. The judgment stresses that relevance is the key criterion.
The new law reorganizes provisions and introduces clearer section mapping for business income. It simplifies compliance while retaining core taxation principles.
The Court found CBDT failed to follow its 2015 directive on timely ITR utility release. It ordered an affidavit with corrective steps, highlighting systemic lapses affecting taxpayers.
The case focuses on systemic delays and technical shortcomings in the e-filing system. The Court directed the Department to file an affidavit addressing these concerns.
CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and loss adjustments for accurate compliance.
The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoother tax compliance for taxpayers.
CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting and eliminate inconsistencies in tax forms.
The corrigendum fixes an incorrect aggregation formula in Schedule CG and wrong cross-references in Schedule UD. It ensures accurate computation without changing tax liability.
The corrigendum addresses formatting and reference errors in Schedule CG and Schedule OS. It clarifies reporting fields without altering tax calculations or liabilities
