Author: Anil R Tikotekar

https://www.financialexpress.com/money/income-tax/itr-filing-deadline-ay-2026-27-what-is-the-last-date-to-file-the-income-tax-return-and-avoid-penalties/4261456 For Assessment Year (AY) 2026-27 (Financial Year 2025-26), the last date for filing an Income Tax Return (ITR) depends on the category of taxpayer; for example,

Read more at: https://taxguru.in/income-tax/cbdt-issues-complete-income-tax-scrutiny-guidelines-fy-2026-27.html?utm_source=follow.itCopyright © Taxguru.in The CBDT has issued guidelines for compulsory selection of income tax returns for Complete Scrutiny during FY 2026-27 in respect

https://taxguru.in/income-tax/section-68-addition-quashed-loans-repaid-banking-channels-itat-ahmedabad.html Prolife Industries Ltd. Vs ITO (ITAT Ahmedabad) In this case, the assessee company, engaged in the business of chemicals, challenged reassessment orders for Assessment

https://www.business-standard.com/industry/banking/rbi-has-sufficient-currency-stocks-to-replenish-atms-governor-malhotra-126060501105_1.html Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said there is adequate currency available in the system and assured that any cash

https://www.business-standard.com/finance/personal-finance/tax-planning-for-young-professionals-deductions-and-section-80c-explained-126060500895_1.html For many young professionals, tax planning becomes urgent only towards the end of the financial year. That leads to rushed decisions and often buying

https://www.business-standard.com/india-news/accused-can-t-be-denied-access-to-documents-forming-part-of-chargesheet-sc-126060600242_1.html The Supreme Court has said that an accused cannot be denied access to documents forming part of the chargesheet as withholding them could seriously

ax Query: Can You Split Rental Income With Your Wife to Reduce Your Tax Outgo? l My wife and I have a commercial property which

https://www.financialexpress.com/money/scrap-dealer-deposits-rs-1-28-crore-cash-reports-rs-3-lakh-income-in-itr-faces-rs-44-lakh-tax-demand-itat-intervenes-4260657 A Pune bench of the Income Tax Appellate Tribunal (ITAT) has come to the rescue of a scrap dealer who was saddled with a tax demand

https://taxguru.in/income-tax/section-68-addition-quashed-loans-repaid-banking-channels-itat-ahmedabad.html?utm_source=follow.it Prolife Industries Ltd. Vs ITO (ITAT Ahmedabad) In this case, the assessee company, engaged in the business of chemicals, challenged reassessment orders for Assessment

https://www.thehindubusinessline.com/economy/fii-tax-exemption-in-india-heres-all-you-need-to-know/article71064657.ece Foreign Institutional Investment (FII) gets income tax exemption on interest, capital gains for Government Securities. How were FIIs taxed on Government Securities under the

https://www.business-standard.com/markets/news/rbi-repo-rate-unchanged-oil-prices-rupee-inflation-risks-gsec-tax-exemption-fii-126060500279_1.html The Reserve Bank has kept the repo rate unchanged at 5.25 per cent and held its ‘neutral’ stance for a third meeting running, an outcome that

https://www.business-standard.com/markets/news/govt-tax-exemption-foreign-investors-fii-government-securities-rupee-outflows-126060500428_1.html The Centre on Friday announced that foreign institutional investors (FIIs) and the Bank for International Settlements (BIS) will be exempt from capital gains tax