Category: To be deleted

Clipped from: https://taxguru.in/income-tax/unverified-sundry-creditors-40-a-ia-issues-remanded-bang-itat-slams-non-speaking-order.html Shanker Mahadevan Iyer Vs ITO (ITAT Bangalore) The Bangalore ITAT set aside additions relating to sundry creditors (₹49.43 lakh) and TDS disallowance u/s 40(a)(ia) (₹3.74 lakh),

lipped from: https://www.taxscan.in/top-stories/itat-deletes-1269-cr-addition-upholds-loan-repayment-not-taxable-as-unexplained-credit-1444996 ITAT held that loan repayments cannot be treated as unexplained cash credits under Section 68. The Income Tax Appellate Tribunal (ITAT) Mumbai Bench

Clipped from: https://www.taxscan.in/top-stories/repayment-of-short-term-deposit-cannot-be-treated-as-unexplained-cash-credit-itat-deletes-26-cr-addition-1445084 ITAT held that repayment of short-term deposits through banking channels cannot be treated as unexplained cash credit under Section 68. The Income Tax

Clipped from: https://www.business-standard.com/finance/personal-finance/nominee-vs-legal-heir-why-your-pf-gratuity-may-not-go-where-you-think-126041701064_1.html Nomination enables payout, but ownership follows the will or succession law, says expert A nominee in provident fund (PF) or gratuity does not

Clipped from: https://www.business-standard.com/finance/personal-finance/gold-loan-boom-sees-stress-as-delinquencies-rise-with-borrower-leverage-126041500456_1.html Rapid expansion has made gold loans the second-largest retail credit segment, but rising borrower leverage and repeat borrowing patterns are prompting calls for

Clipped from: https://www.business-standard.com/finance/personal-finance/travel-insurance-check-these-things-before-taking-that-summer-vacay-abroad-126041601111_1.html With flight disruptions rising amid geopolitical tensions, travellers must check insurance coverage, exclusions, and claim conditions carefully before heading abroad this summer Representative

Clipped from: https://www.business-standard.com/finance/personal-finance/how-a-settlement-deed-secures-heirs-property-rights-better-than-a-will-126041601419_1.html By transferring ownership during a settlor’s lifetime, a settlement deed creates a legal ground that can neutralise a conflicting Will Photo: Shutterstock Listen

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

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

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

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

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

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