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TDS Rate Chart for FY 2025-26 AY 2026-27
Tax Deducted at Source (TDS) is a mechanism implemented by the Indian government to collect taxes at the source of...

ESOP Valuation By Merchant Banker Under Income Tax Act Can’t Be...
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that (ESOP) valuation by merchant bankers under income...

Bombay High Court Raps ITAT For Casual Approach; Holds Entire Bogus...
The Bombay High Court has rapped Income Tax Appellate Tribunal (ITAT) for a casual approach and held that entire bogus...

Rajasthan High Court Upholds Validity of Section 153C Proceedings...
The Rajasthan High Court has upheld the validity of search assessment proceedings under section 153C of the Income Tax...

PAN Card Fraud in UP: Poor Farmer Slapped With Rs. 30 Crore Income Tax...
In a stunning development, a poor farmer from Mathura has received an Income Tax notice of Rs 30 crore, revealing a...

Direct Tax Weekly Flashback: 30 March To 5 April 2025
The Direct Tax Weekly Flashback for the period from 30 March To 5 April 2025. Table of ContentsDelhi High CourtDelhi...

Prithviraj Sukumaran Faces Fresh Income Tax Scrutiny Over Movie...
The Income Tax (I-T) department has issued a new notice to actor-director Prithviraj Sukumaran, seeking additional...

F&O Trader Faces Rs. 25 Lakh Loss, Recovers ₹15 Lakh from Broker —...
In a recent case reflective of the risks and nuances of derivatives trading, an assessee incurred a loss of ₹25 lakh in...

AO Acted Under Superior’s Dictation Without Independent Belief: Bombay...
The Bombay High Court while quashing the income tax reassessment held that the Assessing Officer (AO) has acted under...

Madras High Courts Allows Income Tax Deduction On Amount Towards...
The Madras High Court allowed the Income Tax deduction under Section 40(A)(7)(b) of the Income Tax Act towards the...

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 file before March 31,...

Kapil Dev Exempted From Income Tax On Rs. 1.5 Crore Granted By BCCI:...
The Income Tax Appellate Tribunal (ITAT) has exempted Kapil Dev from income tax on Rs. 1.5 Crore granted by Board of...
