TDS Returns Can Now Be Filed Directly on TRACES     A major filing change from Q2 of FY 2026-27 makes short TDS returns faster and simpler A significant change is being introduced in the TDS return filing process from Q2 of FY 2026-27. TDS statements can now be filed directly online through the TRACES…

Pleading Benami Can Cost You the Property: Supreme Court’s Important Ruling in Manjula v. D.A. Srinivas When both the alleged real owner and the person in whose name the property stands can lose their rights What happens when a person goes to court claiming that a property legally standing in someone else’s name actually belongs…

Section 54F Not Claimed in the Return? ITAT Says a Fresh Claim Can Still Be Considered   Kiran Kumar Grandhe v. Income Tax Officer (International Taxation)-1, Hyderabad – A useful ruling on additional claims at the appellate stage Taxpayers sometimes face an unusual situation: they dispute the very taxability of a capital gain, and therefore…

Inherited Property: A Gift of Wealth or a Bundle of Tax Questions?     There are some things in life that come without a purchase bill. A parent’s blessings, family photographs, old memories-and sometimes, a house! When a father leaves behind a house for his children, the first reaction is usually emotional: “Papa’s house is…

GST Multi-State Registration Made Simpler: One Master TRN for Multiple States     GST Portal introduces a new facility to streamline registration applications across States and Union Territories Businesses expanding their operations across multiple States in India have received a useful compliance simplification. With effect from 1 October 2026, the GST Portal has introduced a…