ITAT ruled that a resident individual, opting for new tax regime with income below ₹7 lakhs, is eligible for full S 87A rebate, even if their income includes STCG under S 111A3 Court held that no statutory bar existed for Assessment Year 2024-25, invalidating system-driven denial by CPC.
The Supreme Court dismissed the appeal against the execution of a ₹1,087 crore arbitral award, ruling that a company’s allegation of fraud committed by its own officers (fraud on self) is not grounds to nullify a final award. The ruling restricts the scope of objections under Section 47 CPC to fraud vitiating the arbitral process itself, not internal corporate misconduct.
Learn about key income tax benefits, exemptions, and filing relaxations available to senior and very senior citizens under the Income Tax Law for FY 2025-26.
NFRA releases Audit Practice Toolkit focusing on Strategy and Planning to enhance audit quality, especially for small and medium practitioners in India.
Understand when NRIs must file Indian income tax returns (ITR), key exemptions, and the impact of residential status (ROR, RNOR, NR) on income taxability in India. Learn about TDS rates and the tax status of NRE/NRO account interest.
ITAT Delhi ruled that a valid Tax Residency Certificate (TRC) issued by Mauritius is sufficient proof of residency to claim benefits under the India-Mauritius DTAA. The Tribunal rejected the Revenue’s attempt to deny treaty protection based on vague allegations of the assessee being a paper/shell company.
Clubbing of income rules (Sections 60-64) in tax law prevent income diversion. Covers transfer of income without asset, revocable transfers, spouse/minor child income, and assets transferred to spouse/daughter-in-law without adequate consideration.
October 2025’s GST return is the final window for crucial adjustments for FY 2024-25, including claiming pending ITC, reconciling GSTR-2B, issuing credit notes, and making classification amendments.
KSCAA urged CBDT to extend due dates for assessees under Section 92E, citing an omission in Circular No. 15/2025 that created inconsistency in tax compliance timelines.
ICAI announced results of CA Final, Intermediate, and Foundation exams held in September 2025, detailing pass percentages, toppers, and examination statistics across all levels.
