Clipped from: https://www.businesstoday.in/personal-finance/tax/story/bt-explainer-tds-tcs-shake-up-decoding-new-tax-rates-codes-and-compliance-rules-525983-2026-04-16 From April 1, 2026, the TDS/TCS regime will see a major overhaul under the new Income Tax Act, with renumbered sections and simplified
BT explainer: TDS, TCS shake up Decoding new tax rates, codes and compliance rules – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/bt-explainer-tds-tcs-shake-up-decoding-new-tax-rates-codes-and-compliance-rules-525983-2026-04-16 From April 1, 2026, the TDS/TCS regime will see a major overhaul under the new Income Tax Act, with renumbered sections and simplified
*Finance Act 2026: What the latest amendments mean for you as taxpayer, investor – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/finance-act-2026-what-the-latest-amendments-mean-for-you-as-taxpayer-investor-525805-2026-04-15 The Finance Act, 2026 brings a series of targeted changes that directly impact how you are taxed, invest, and respond to compliance requirements.
*Man gifts a house to father to save Rs 2.63 crore in capital gains tax; I-T Dept flags ‘timing and intent’ – ITAT steps in – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/man-gifts-a-house-to-father-income-tax-dept-questions-timing-and-intent-itat-flags-these-lapses-4209053/ The ITAT denied a taxpayer’s Rs 2.63 crore exemption under Section 54F after finding that a property gifted to his father just days
Living Will to go digital in Maharashtra: What it means for your estate & succession plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/living-will-to-go-digital-in-maharashtra-what-it-means-for-your-estate-succession-plan/articleshow/130258187.cms Maharashtra is set to become India’s first state to maintain digital records of living Wills. A government resolution (GR) stated that a portal is now
*Property partition after owner’s death: A guide for legal heirs to divide assets – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/legal/will/property-partition-after-owners-death-a-guide-for-legal-heirs-to-divide-assets/articleshow/130260330.cms Dividing up a property means legally splitting jointly owned property among co-owners or legal heirs, turning joint occupancy into individual shares. Now you can either
*New Income Tax assessment procedure: Notices, timelines, rules explained | Personal Finance – Business Standard
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
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