Day: August 13, 2026
ITAT Allows Section 54 Deduction Despite Residential Flat Completion Beyond Three Years
Read more at: https://taxguru.in/income-tax/itat-section-54-deduction-residential-flat-completion-years.html Copyright © Taxguru.in The Tribunal examined Section 54 and observed that the provision requires the assessee to purchase or construct a residential
Reassessment on Same Material Is Change of Opinion
Read more at: https://taxguru.in/income-tax/hyderabad-itat-reassessment-material-change-opinion.html Copyright © Taxguru.in Shikha Kedia Vs ITO (ITAT Hyderabad) Hyderabad ITAT Quashes Reassessment as Mere “Change of Opinion”: AO Cannot Reopen Scrutiny
UPI, NEFT, RTGS or IMPS: When can your digital payments come under the Income Tax Department’s scanner?
A common trigger is when substantial amounts are credited to a bank account but are not reflected as business receipts, professional income, investment proceeds or
PPF rules for NRIs: What happens to your account after moving abroad or becoming a foreign citizen?
Moving abroad can change how you manage your Public Provident Fund (PPF) account, especially if you become a Non-Resident Indian (NRI) or later acquire foreign
Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?
Read more at:https://economictimes.indiatimes.com/wealth/tax/presumptive-taxation-for-professionals-the-50-rule-remains-but-what-changes-for-deductions-and-losses-under-the-new-tax-act/articleshow/133171653.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Ahead of the August 31, 2026 due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27 for individuals engaged in business or profession,
From reels to episodes: 80% Indians embrace microdrama as new entertainment habit
Read more at:https://economictimes.indiatimes.com/industry/media/entertainment/media/from-reels-to-episodes-80-indians-embrace-microdrama-as-new-entertainment-habit/articleshow/133192716.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short,