*****Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT Mumbai
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-16-lakh-cash-seized-in-income-tax-raid-tax-officer-calls-it-unexplained-cash-taxpayer-claims-it-to-be-family-money-he-fights-and-wins-the-case-in-itat-mumbai/articleshow/133647793.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Anikesh Banerjee, Judicial Member, and Om Prakash Kant, Accountant Member of ITAT Mumbai, recently provided relief from an unexplained cash tax notice under Section
Filing ITR-3 for AY 2026-2027? Here’s 7 aspects to look out for before filing it
Read more at:https://economictimes.indiatimes.com/wealth/tax/filing-itr-3-for-ay-2026-2027-heres-7-aspects-to-look-out-for-before-filing-it/articleshow/133651013.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis The deadline to submit ITR-3 forms for non tax audit business income is set for August 31, 2026. For those requiring
*****Finance Act 2026: Updated return rules change for taxpayers reporting reduced losses
Read more at:https://economictimes.indiatimes.com/wealth/tax/finance-act-2026-updated-return-rules-change-for-taxpayers-reporting-reduced-losses/articleshow/133596062.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst ax laws do not always give taxpayers enough time to discover a mistake. An original return has its due date, a belated
Income-Tax Assessment Procedure Under Income-tax Act 2025
Income-Tax Assessment Procedure Under Income-tax Act 2025