Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...
Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...
The Tribunal held that the AO’s rejection of books under Section 145(3) was unsustainable as no specific defects were identified. The ruling confirms that estimation of income cannot be based on ...
Tribunal deleted Rs. 10 lakh addition made under Section 68 where lender’s deposits were not independently verified. The assessee had no failure in proving identity, genuineness, or creditworthiness.
The Treasury Department announced Tuesday that it intends to issue proposed regulations on Trump accounts. In addition, a website for Trump accounts has been created, and additional information on how ...
In a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable ...
On Dec. 2, the Treasury Department said it plans to issue proposed regulations on Trump accounts. A website for Trump accounts is now live, and additional information on how to sign up will be ...
India income-tax rules on cash transactions explained by CA Shefali Mundra of ClearTax, detailing penalties, 84% tax, and ...
The Central Board of Direct Taxes (CBDT) has made it clear: Anyone who received their PAN and Aadhaar before October 1, 2025, ...