TDS: Section-wise Short Summary for the FY 2025-26

Compliance Calendar for July’2025

One-Time ESOP Compensation: Capital Receipt or Taxable Perquisite?

Compensation received for unlawful possession of immovable property constitutes a capital receipt and is not subject to income tax.

Depreciation of amalgamating company shall not be disallowed for non filing of Form 62: Mumbai ITAT

Can a Hindu Undivided Family (HUF) Be Created After Marriage Without Children?

Mere Low Spending Not a Ground to Deny Section 12AB Registration: ITAT Bangalore

Purchase of Rural agricultural land below its stamp duty valuation is taxable under section 56(2)(x)

Common Mistakes to avoid in salary ITR Filing Mistakes

Documents seized during a search can be valid basis for additions, even if they are in the form of personal diaries or informal records.

26QB Vs. 27Q: Wrong TDS Form by Buyer Can’t Deny NRI’s Tax Credit

Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC

ITAT Delhi Holds GoDaddy.com’s Revenues Not Taxable in India as Royalty or FTS

Whether equity oriented funds are equivalent to shares from the standpoint of taxability under India Mauritius Treaty?

Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma

ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited

ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company

A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad