Day: September 13, 2026

https://www.financialexpress.com/opinion/holding-a-mirror-to-gdp-numbers/4338206 As someone said, tongue in cheek, people don’t eat GDP numbers. People eat food, wear clothes and footwear, send their children to school, buy medicines, use

Read more at:https://economictimes.indiatimes.com/wealth/tax/taxable-income-below-rs-12-lakh-will-you-pay-zero-income-tax-if-this-income-includes-ltcg-and-stcg-for-tax-year-2026-27/articleshow/134119480.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/taxable-income-below-rs-12-lakh-will-you-pay-zero-income-tax-if-this-income-includes-ltcg-and-stcg-for-tax-year-2026-27/articleshow/134119480.cms Incomes that are charged at a special rate, like long term capital gains and short term capital gains from listed equities, aren’t eligible for the

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/rs-6-42-lakh-travel-expense-disallowed-as-business-expenditure-over-use-of-wifes-credit-card-businessman-contests-tax-order-wins-relief-in-itat-mumbai/articleshow/134126429.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/legal/will/rs-6-42-lakh-travel-expense-disallowed-as-business-expenditure-over-use-of-wifes-credit-card-businessman-contests-tax-order-wins-relief-in-itat-mumbai/articleshow/134126429.cms The Income Tax Appellate Tribunal (ITAT) Mumbai recently granted relief to a businessman whose Rs 6.42 lakh travel expenditures were disallowed

https://www.taxscan.in/top-stories/itr-not-sole-basis-for-assessing-deceaseds-income-orissa-hc-read-order-1451377 In a significant ruling, the Orissa High Court held that the income tax returns (ITR) is not the sole basis for consideration of the

https://www.taxscan.in/top-stories/turnover-mismatch-between-service-tax-and-income-tax-returns-cannot-alone-sustain-addition-itat-1451379 The Income Tax Appellate Tribunal (ITAT), Delhi Bench, dismissed the Revenue’s appeal and upheld deletion of the addition made on account of the difference