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Govt. Proposes to Shift Certain Penalties into Mandatory Fees Under Income Tax Law from AY 2026-27

Govt. Proposes to Shift Certain Penalties into Mandatory Fees Under Income Tax Law from AY 2026-27 The government has proposed to convert certain penalties into...

Big Relief for Taxpayers: Govt Extends ITR Due Dates and Revised Return Timeline

Big Relief for Taxpayers: Govt Extends ITR Due Dates and Revised Return Timeline The proposed new Income Tax Act 2025 has introduced some changes in...

Govt. Proposes to Allow Deduction for Non-Life Insurance Businesses When TDS Is Paid Later

Govt. Proposes to Allow Deduction for Non-Life Insurance Businesses When TDS Is Paid Later The government of India has proposed an amendment to the conditions...

New Relief for Individuals and HUFs: Govt. Removes TAN Requirement for Property Purchase from Non-Residents

New Relief for Individuals and HUFs: Govt. Removes TAN Requirement for Property Purchase from Non-Residents The Income Tax Act requires a person who deducts or...

Big Relief! Govt Proposes New Electronic Option to Apply for Nil or Lower TDS Certificates; Effective April 2026

Big Relief! Govt Proposes New Electronic Option to Apply for Nil or Lower TDS Certificates; Effective April 2026 Section 395 of the Income Tax Act...

ITAT Relief: Overseas Earnings Legally Remitted Cannot Be Treated as Unexplained Investment

ITAT Relief: Overseas Earnings Legally Remitted Cannot Be Treated as Unexplained Investment The ITAT Ahmedabad allowed the NRI assessee’s appeal, holding that the property investment...

ITAT Delhi Restores Section 11 Exemption Case After One-Day Form 10B Delay Is Condoned

ITAT Delhi Restores Section 11 Exemption Case After One-Day Form 10B Delay Is Condoned ITAT Delhi quashed the denial of Section 11 exemption to the...

ITAT Delhi Holds 2012-13 Assessments Invalid in Search-Based Reopening Case

ITAT Delhi Holds 2012-13 Assessments Invalid in Search-Based Reopening Case Rajesh Gandhi and Ramesh Gandhi have filed multiple appeals for different assessment years in the...

ICAI Releases User Manual Version 1.0 of UDIN Mobile App; Here’s What You Need to Know

ICAI Releases User Manual Version 1.0 of UDIN Mobile App; Here's What You Need to Know The Tata Consultancy Services (TCS) has prepared a User...

New Income Tax Act 2025 Replacing Earlier 60-Year-Old Income Tax Rules; Effective April 01

New Income Tax Act 2025 Replacing Earlier 60-Year-Old Income Tax Rules; Effective April 01 The government of India has proposed significant amendments to the 60-year-old...

ITAT Mumbai Allows Gratuity and Leave Provisions as Valid Income Application for Charitable Trust

ITAT Mumbai Allows Gratuity and Leave Provisions as Valid Income Application for Charitable Trust ITAT Mumbai upheld the CIT(A)’s ruling and permitted the charitable trust...

ITAT Upholds Section 57(iii) Deduction for Interest Paid on Borrowed Funds; Favours Assessee

ITAT Upholds Section 57(iii) Deduction for Interest Paid on Borrowed Funds; Favours Assessee Ankur Chandulal Shah has filed the present appeal in the Income Tax...

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