Clipped from: https://www.business-standard.com/finance/personal-finance/new-income-tax-assessment-procedure-notices-timelines-rules-explained-126041501159_1.html New framework prioritises substantive compliance over technicalities, centralising reassessment powers and clarifying statutory timelines to reduce litigation Income Tax Bill, Income Tax With
ITAT Hyderabad: AO Cannot Exceed Limited Scrutiny Scope – Entire Assessment Held Invalid
Clipped from: https://taxguru.in/income-tax/itat-hyderabad-ao-exceed-limited-scrutiny-scope-entire-assessment-held-invalid.html Krishna Constructions Vs ITO (ITAT Hyderabad) ITAT Hyderabad: AO Cannot Exceed Limited Scrutiny Scope – Entire Assessment Held Invalid In this case, the
No Section 87A Rebate on STCG Under 111A: Tax Planning for FY 2025–26
Clipped from: https://taxguru.in/income-tax/section-87a-rebate-stcg-111a-tax-planning-fy-2025-26.html Summary: The article explains tax treatment of rebate under Section 87A and Short-Term Capital Gains (STCG) under Section 111A for FY 2025–26 under the
*Rs 15.85 lakh annual salary, Rs 0 tax? Here’s how new tax regime makes it possible – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/rs-15-85-lakh-annual-salary-rs-0-tax-heres-how-new-tax-regime-makes-it-possible-4207072/ A salaried individual earning Rs 15.85 lakh annually can reduce tax liability to zero under the new tax regime — but only with
*ITR assessment rules change from April 2026: Four key amendments explained – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/tax/itr-assessment-rules-change-from-april-2026-four-key-amendments-explained/articleshow/130259923.cms Income-tax assessment is all about checking and reviewing the information you provided in your Income-Tax Return (ITR). There are different types of tax
*Appeal Cannot Be Dismissed for Non-Payment of Advance Tax When No Taxable Income Exists
lipped from: https://taxguru.in/income-tax/appeal-dismissed-non-payment-advance-tax-taxable-income-exists.html James Ivan Dantis Vs ITO (ITAT Mumbai) In James Ivan Dantis vs ITO (ITAT Mumbai), the Tribunal condoned a delay in filing the appeal,
Can WhatsApp Chats Alone Justify Tax Additions? Tribunal Says No
Clipped from: https://taxguru.in/income-tax/whatsapp-chats-justify-tax-additions-tribunal.html Summary: The ITAT Delhi in DCIT vs. Balar Marketing Pvt. Ltd. held that additions in search assessments cannot be sustained solely on unauthenticated electronic evidence
Reassessment Quashed Due to Reliance on Unverified Third-Party Digital Evidence
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-due-reliance-unverified-third-party-digital-evidence.html Dhruv Vijaykumar Trivedi Vs DCIT (Gujarat High Court) Facts of the Case The petitioner had sold disputed land for ₹80 lakh and duly
*ITAT Mumbai: Sec 54 Claim Cannot Be Denied Merely for No Original Return-Allowed in Reassessment
Clipped from: https://taxguru.in/income-tax/itat-mumbai-sec-54-claim-denied-original-return-allowed-reassessment.html Mohd Azam Hasan Sheikh Vs Ward 42(2)(4) (ITAT Mumbai) ITAT Mumbai: Sec 54 Claim Cannot Be Denied Merely for No Original Return-Allowed in
ITAT Pune: No Penalty When Mistake Attributable to Tax Consultant – Bona Fide Conduct Accepted
Clipped from: https://taxguru.in/income-tax/itat-pune-penalty-mistake-attributable-tax-consultant-bona-fide-conduct-accepted.html Gangadhar Gopinath Wagh Vs ITO (ITAT Pune) In this case, penalty u/s 271(1)(c) was levied on a salaried assessee for claiming excess deductions, allegedly resulting
SC to Examine Whether Verification Requirement Survives Section 148A Amendment
Clipped from: https://taxguru.in/income-tax/sc-examine-verification-requirement-survives-section-148a-amendment.html Principal Chief Commissioner of Income Tax & Ors. Vs Vasuki Global Industries Limited (Supreme Court of India) The matter before the Court arose
Taxation of Dividend
lipped from: https://taxguru.in/income-tax/taxation-dividend-2.html Income Tax DepartmentMinistry of Finance, Government of India Introduction Dividend income is taxable in the hands of the recipient under the head ‘Income
Cyber insecurity – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-cyber-insecurity/article70861335.ece RBI suggests viable solutions for digital fraud This rise in digital heists calls for action at various levels | Photo Credit: KACPER PEMPEL
Google launches Personal Intelligence feature for Gemini users in India | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/google-launches-personal-intelligence-feature-gemini-india-126041401125_1.html Google rolls out Personal Intelligence for Gemini users in India, enabling personalised responses using Gmail, Photos and other apps, with privacy controls and
TDS filing made easy: New form introduced for reporting tax deducted at source on rent, property – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-form-141-unified-challan-cum-statement-as-a-single-comprehensive-statement-for-reporting-tax-deducted-introduced-4206777/ Each Form 141 can report only one type of transaction, and a separate form must be filed for each transaction category. Form 141
Rs 15.85 lakh annual salary, Rs 0 tax? Here’s how new tax regime makes it possible – Money News | The Financial Express
lipped from: https://www.financialexpress.com/money/rs-15-85-lakh-annual-salary-rs-0-tax-heres-how-new-tax-regime-makes-it-possible-4207072/ A salaried individual earning Rs 15.85 lakh annually can reduce tax liability to zero under the new tax regime — but only with