Income Tax Dept acts against 62 restaurants in 46 cities, suppression of sales under scanner:
Income Tax Dept acts against 62 restaurants in 46 cities, suppression of sales under scanner: 1. In an extensive…
Income Tax
ITAT ALLOWS DEDUCTION FOR DONATION TO POLITICAL PARTY, DISMISSES ACIT APPEAL FOR LACK OF EVIDENCE
ITAT ALLOWS DEDUCTION FOR DONATION TO POLITICAL PARTY, DISMISSES ACIT APPEAL FOR LACK OF EVIDENCE ACIT vs. Anuj Prakash…
Owner Dies After Sale – Will New House Bought by Legal Heir Get Capital Gain Exemption?
Owner Dies After Sale – Will New House Bought by Legal Heir Get Capital Gain Exemption? [Query] I had…
Clarification issued regarding certain email communications sent under the Advance Tax e-Campaign for AY 2026–27 (FY 2025–26)
Clarification issued regarding certain email communications sent under the Advance Tax e-Campaign for AY 2026–27 (FY 2025–26) The copy…
Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate u/s 112
Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate…
Updated Return 2.0: From Correction Tool to Compliance Settlement Framework
Updated Return 2.0: From Correction Tool to Compliance Settlement Framework We have discussed the Updated Income Tax Return (ITR-U)…
ROC Bengaluru Imposes Penalty for Approving Share Transfer in Physical Form
ROC Bengaluru Imposes Penalty for Approving Share Transfer in Physical Form A significant compliance reminder for companies that…
Budget 2026: No deduction of interest in case of dividend income
Budget 2026: No deduction of interest in case of dividend income Amendment: 1. The Union Budget 2026 has proposed…
AI vs. Tax Evasion: The Success of NUDGE:
AI vs. Tax Evasion: The Success of NUDGE: Meaning of NUDGE: 1. NUDGE stands for Non-Intrusive Usage of Data…
No Permanent Establishment In India, Booking. com’s ₹3,960 Cr Commission Not Taxable: ITAT
No Permanent Establishment In India, Booking. com’s ₹3,960 Cr Commission Not Taxable: ITAT Booking. com Versus ACIT Case No.:…
Making March Meaningful – Because 31st March Doesn’t Come with an Extension!
Making March Meaningful – Because 31st March Doesn’t Come with an Extension! In cricket, the last few overs often…
Updated Return Allowed Even After Reassessment Notice – A Fresh Compliance Window under Finance Bill 2026
Updated Return Allowed Even After Reassessment Notice – A Fresh Compliance Window under Finance Bill 2026 The concept of…
Advance Tax under the Income Tax Act, 2025: Who Must Pay, Instalment Dates, and Interest Implications
Advance Tax under the Income Tax Act, 2025: Who Must Pay, Instalment Dates, and Interest Implications The concept of…
Compliance Calendar for March’2026
Compliance Calendar for March’2026 INCOME TAX – 07th March 2026- Due date for deposit of Tax deducted and collected…
GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court
GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court Tax litigation often begins…
Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check
Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check Every Budget season, salaried taxpayers wait for…
Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies
Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies …
Notice to Deceased Person Void, Section 150(1) Cannot Revive Time-Barred Reassessment: Chhattisgarh High Court Clarifies Law
Notice to Deceased Person Void, Section 150(1) Cannot Revive Time-Barred Reassessment: Chhattisgarh High Court Clarifies Law In a significant…
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