CBDT mandates foreign assets data in AIS and Form 26AS

CBDT Mandates Foreign Assets Data in AIS and Form 26AS

CBDT Mandates Foreign Assets Data in AIS and Form 26AS The landscape of tax compliance[…]

TDS on rent over Rs 50000 compliance guide

TDS on Rent Over Rs 50000 under Section 194-IB

TDS on Rent Over Rs 50000 under Section 194-IB Managing rental payments for residential or[…]

Guide to Section 69C and alleged bogus purchases tax law

Applying Section 69C to Alleged Bogus Purchases

Applying Section 69C to Alleged Bogus Purchases In the complex landscape of income tax assessments,[…]

ITAT ruling on Section 148 income tax penalty concealment

ITAT Rules No Penalty if Income in Section 148 is Accepted

ITAT Rules No Penalty if Income in Section 148 is Accepted A common concern among[…]

Guide for ITR filing for salaried taxpayers in AY 2026-27

ITR Filing for Salaried Taxpayers in AY 2026-27

ITR Filing for Salaried Taxpayers in AY 2026-27 As the deadline of 31st July 2026[…]

ITAT ruling on presumptive taxation and stamp duty valuation

Presumptive Taxation vs Stamp Duty Valuation ITAT Ruling

Presumptive Taxation vs Stamp Duty Valuation ITAT Ruling The interaction between different deeming provisions in[…]

TDS on rent over Rs 50000 compliance guide

Section 54 Deduction for Jointly Owned Property

Section 54 Deduction for Jointly Owned Property When selling a residential property and reinvesting in[…]

ITAT Chandigarh ruling on Section 54 indexed cost of construction

ITAT Chandigarh Ruling on Section 54 Construction Cost

ITAT Chandigarh Ruling on Section 54 Construction Cost The Chandigarh Bench of the Income Tax[…]

CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

CBDT Guidelines for Compulsory Scrutiny of ITRs in FY 2026-27

CBDT Guidelines for Compulsory Scrutiny of ITRs in FY 2026-27 The Income Tax Department is[…]

Kolkata ITAT ruling deleting disallowance on business expenditure for assessee

ITAT Deletes Disallowance on Business Expenditure for Assessee

ITAT Deletes Disallowance on Business Expenditure for Assessee In a significant ruling for taxpayers and[…]

Taxability of deemed dividend under section 2(22)(e) ruling explanation

Taxability of Deemed Dividend Under Section 2(22)(e)

Taxability of Deemed Dividend Under Section 2(22)(e) The concept of deemed dividend under Section 2(22)(e)[…]

ITAT ruling on Section 41(1) sundry creditor capital transfer

ITAT on Section 41(1) and Sundry Creditor Transfers

ITAT on Section 41(1) and Sundry Creditor Transfers The intersection of accounting entries and tax[…]

Guide for ITR filing for salaried taxpayers in AY 2026-27

CBDT Clarifies Form 61 Filing for NJA Transactions

CBDT Clarifies Form 61 Filing for NJA Transactions The Central Board of Direct Taxes (CBDT)[…]

Mumbai ITAT ruling on DCF method versus NAV method

ITAT: AO Cannot Replace DCF Method with NAV Method

ITAT: AO Cannot Replace DCF Method with NAV Method In a landmark judgment that provides[…]

CBDT mandates foreign assets data in AIS and Form 26AS

ITAT Hyderabad Deletes ₹14.16 Crore Addition

ITAT Hyderabad Deletes ₹14.16 Crore Addition In a landmark judgment that provides significant relief to[…]

Guide to Section 69C and alleged bogus purchases tax law

Impact of Finance Act 2023 on Angel Tax and Rule 11UA

Impact of Finance Act 2023 on Angel Tax and Rule 11UA The landscape of startup[…]

ITAT ruling on Section 41(1) sundry creditor capital transfer

Calcutta High Court Grants Relief: 7-Day Delay Cannot Defeat Carry Forward of Losses

Calcutta High Court Grants Relief: 7-Day Delay Cannot Defeat Carry Forward of Losses In a[…]

Guide to TDS on commission transition to Section 393

TDS on Commission: Transition from Section 194H to 393

TDS on Commission: Transition from Section 194H to 393 The landscape of Indian taxation is[…]

Delhi High Court order for Xiaomi 272 crore security deposit

Delhi HC Orders Xiaomi to Furnish ₹272 Crore SEP Security

Delhi HC Orders Xiaomi to Furnish ₹272 Crore SEP Security The Delhi High Court has[…]

CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

Capital vs Revenue Receipt: When Does Money Become Taxable?

Capital vs Revenue Receipt: When Does Money Become Taxable? In the world of income tax[…]

Rule 46(8): Mandatory Daily Backup of Digital Books in India

Rule 46(8): Mandatory Daily Backup of Digital Books In the evolving landscape of digital governance,[…]

Section 2(47)(v) Income Tax Act: Possession and Capital Gains Year of Transfer

Section 2(47)(v) Capital Gains: Determining the Year of Transfer in Property Transactions Determining the exact[…]

ESOP Tax Relief for Employees of Startup Registered Companies

ESOP Tax Relief for Employees of Startup Registered Companies Employee Stock Option Plans (ESOPs) have[…]

ITAT ruling on Section 148 income tax penalty concealment

Bombay HC: Only Profit Element Taxable on Bogus Purchases, Not Entire Amount

Bogus Purchases: Understanding the Bombay High Court’s Landmark Ruling on Taxable Profit Elements In the[…]

ITR-4 Sugam: Mandatory Investment Disclosure for Presumptive Tax Filers

Significant Changes in ITR-4 Sugam: Mandatory Investment Disclosure for Presumptive Tax Filers for FY 2025-26[…]

Taxation of Agricultural Land Classification and Capital Asset Status

Is Your Land Truly a Capital Asset? Understanding the Exemption of Agricultural Land In the[…]

Guide for ITR filing for salaried taxpayers in AY 2026-27

Assessment Invalid if Material Not Shared or Cross-Examination Denied: ITAT Mumbai Reaffirms Natural Justice Rule

No Cross-Examination, No Case: ITAT Mumbai Reaffirms Principles of Natural Justice In a landmark ruling[…]

Complete Guide to TAN Forms 134 and 135: Features and Benefits

The Evolution of TAN Registration: Transitioning from Form 49B to Forms 134 and 135 In[…]

CBDT guidelines for compulsory scrutiny of ITRs FY 2026-27

ITAT Remands Rs 1.57 Cr NRE Deposit Addition for Proper Evidence Examination

ITAT Overturns ₹1.57 Crore Addition: The Critical Role of NRE Account Evidence in Income Tax[…]

Guide to Section 69C and alleged bogus purchases tax law

Taxability of Bogus Purchases: ITAT Ruling on Profit Elements and Evidence

Bogus Purchase Allegations Collapse Without Evidence: Insights from ITAT Nagpur In the evolving landscape of[…]