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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

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

Clipped from: https://taxguru.in/income-tax/itat-pune-penalty-mistake-attributable-tax-consultant-bona-fide-conduct-accepted.html Gangadhar Gopinath Wagh Vs ITO (ITAT Pune) In this case, penalty u/s 271(1)(c) was levied on a salaried assessee for claiming excess deductions, allegedly resulting

Clipped from: https://taxguru.in/income-tax/sc-examine-verification-requirement-survives-section-148a-amendment.html Principal Chief Commissioner of Income Tax & Ors. Vs Vasuki Global Industries Limited (Supreme Court of India) The matter before the Court arose

lipped from: https://taxguru.in/income-tax/taxation-dividend-2.html Income Tax DepartmentMinistry of Finance, Government of India Introduction Dividend income is taxable in the hands of the recipient under the head ‘Income

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-cyber-insecurity/article70861335.ece RBI suggests viable solutions for digital fraud This rise in digital heists calls for action at various levels | Photo Credit: KACPER PEMPEL

Clipped from: https://www.business-standard.com/companies/news/google-launches-personal-intelligence-feature-gemini-india-126041401125_1.html Google rolls out Personal Intelligence for Gemini users in India, enabling personalised responses using Gmail, Photos and other apps, with privacy controls and

Clipped from: https://www.financialexpress.com/money/income-tax-form-141-unified-challan-cum-statement-as-a-single-comprehensive-statement-for-reporting-tax-deducted-introduced-4206777/ Each Form 141 can report only one type of transaction, and a separate form must be filed for each transaction category. Form 141

lipped 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

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/property-or-problem-the-hidden-legal-traps-haunting-indias-property-owners-heres-how-to-navigate/articleshow/130255407.cms ET OnlineBuying property as an investment? Here’s four ways you can avoid the legal traps while buying properties (AI generated representative image) If

Clipped from: https://economictimes.indiatimes.com/wealth/tax/new-form-141-introduced-for-tds-filing-4-existing-forms-merged-into-one-challan-cum-statement/articleshow/130251413.cms New Form 141 introduced for TDS filing The Income Tax (I-T) Department has introduced Form No. 141, a new consolidated challan-cum-statement that replaces

Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-can-still-be-filed-after-september-16-2025-with-payment-of-late-fee-and-losing-some-benefits/articleshow/123881368.cms ITR can still be filed after September 15, 2025 with payment of late fee and losing some benefits September 16, 2025 was the

Clipped from: https://www.taxscan.in/top-stories/ao-cannot-reopen-completed-income-tax-assessment-after-modified-return-us-170a-bombay-hc-quashes-notices-1444873 The High Court held that completed assessments cannot be reopened after a modified return under Section 170A and quashed notices issued for fresh