The Income Tax Act of 1961 is the cornerstone of India's tax system. It governs the collection of taxes on income...

In a recent clarification, the Income Tax Department has reiterated that income derived from assets transferred to one's...

The Bombay High Court has held that the bogus purchase under Section 9C of the Income Tax is fully disallowed. The...

The Income Tax (I-T) Department has launched a large-scale investigation into potential tax evasion linked to unlisted...

Reportedly, a groundbreaking amendment to India’s Income Tax laws is set to take effect from April 1, 2026, granting tax...

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that no penalty is leviable on the assessee, when...

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the advocates, and Chartered Accountants (CA)...

The Delhi High Court has expressed the Concern over pending appeals before National Faceless Appeal Centre (NFAC) and...

The Gujarat High Court has held that the interest is payable on refund under Direct Tax Vivad Se Vishwas Act 2020 (DTVSV...

The Budget 2025 proposed to hike the threshold limit of Tax Deducted at Source (TDS) to Rs 10,000 in a financial year...

The Delhi High Court while ruling in respect of maintainability of cross-objections in second appeal under Section 260A...