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Direct Tax
Many Taxpayers Receive Emails on Outstanding Income Tax Dues: Here’s What You Can Do
Several taxpayers across India have reported receiving official emails from the Income Tax Department...
Direct Tax
Income-Tax Dept. Issues Notices Over Mismatch in High-Value Expenses and Bank Withdrawals
The Income-Tax (I-T) department has recently intensified scrutiny on high-income individuals whose bank withdrawals...
Direct Tax
Section 87A Rebate Confusion: Taxpayers With Capital Gains Might Get Notice
A major controversy has erupted over the applicability of the Section 87A rebate in...
Direct Tax
Know All Changes In TDS Provisions Effective from 1st April 2025
The Income Tax Department has announced significant changes in the Tax Deducted at Source...
Direct Tax
These Documents You Need to File Your Income Tax Return
The deadline for filing updated Income Tax Returns (ITR-U) is fast approaching. Taxpayers should...
Direct Tax
New Tax Provisions Create Confusion: Are Section 40(b) Thresholds and Section 194T Applicable from April 1, 2025?
Amid growing confusion among taxpayers and professionals, the applicability of two key provisions introduced...
Direct Tax
F&O Trader Faces Rs. 25 Lakh Loss, Recovers ₹15 Lakh from Broker — Here’s How to File It in Your ITR Under Indian Tax...
In a recent case reflective of the risks and nuances of derivatives trading, an...
Direct Tax
NRI Remittance Tax at Mere 5% Could Yield $10 Billion Annually
In a bold policy proposition that's bound to ignite debate, economists and policymakers are...
Direct Tax
TDS Rate Chart for FY 2025-26 AY 2026-27
Tax Deducted at Source (TDS) is a mechanism implemented by the Indian government to...
Direct Tax
ITR-2 Filing Process 2025-26
Filing your Income Tax Return (ITR) is a crucial annual responsibility for taxpayers in...
Direct Tax
Mere Loose Papers Not Admissible Evidence For Making Income Tax Addition: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that loose papers...
Direct Tax
Delhi High Court Quashes Reassessment Against Departmental Stores Selling Wine, Beer
The Delhi High Court has quashed reassessment against departmental stores selling wine and beer.The...
Latest articles
Direct Tax
Interest on Govt. Grant Funds Must Remain Part of Project Corpus, Not Taxable Income: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest...
Direct Tax
Addition Based on Unverified Third-Party Digital Records Can’t Survive Scrutiny: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
GST
Retrospective Application of BNS Unconstitutional: Allahabad High Court Quashes FIR Against Panchayat Secretary For Non-Deposit Of TDS/GST
The Allahabad High Court has quashed a criminal case registered against a Gram Panchayat...
Direct Tax
Cash Deposits Can’t Be Taxed as Unexplained Money When Supported by Earlier Bank Withdrawals: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...