Due to technical issues on the new tax portal, late fees for Profession Tax returns were waived if tax was paid by 15 March 2026. The circular provides relief but maintains interest liability.
The court examined whether tax paid during investigation can be treated as voluntary. It ruled that authorities must investigate coercion claims before treating such payments as voluntary.
The Tribunal held that advances received under an uncompleted sale agreement are not taxable. Income arises only when transfer or forfeiture occurs.
GSTN clarified that system-calculated interest for February 2026 was incorrectly reflected in March returns due to a technical issue. Taxpayers must recompute and update the correct interest using the portal feature.
Rebate under Section 87A includes STCG for eligibility but cannot be applied to such income. This creates a limitation in tax benefit for taxpayers earning capital gains.
The issue involved taxation of intermediary services based on supplier location. The amendment shifts place of supply to recipient location, enabling export benefits and zero-rating.
CBDT corrected multiple ITR forms to fix structural and computational errors. The update ensures accurate tax reporting and reduces filing inconsistencies.
Learn how Form 121 helps eligible taxpayers stop TDS on bank interest. The key is ensuring your estimated tax liability is nil and conditions are satisfied.
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.
GSTN has enabled editing of the pre-deposit percentage in APL-01 filings. The change allows taxpayers flexibility, while verification remains with the appellate authority.
