The Court upheld deletion of a major addition, holding that valuation under Section 56 must follow the prescribed rules and not unrelated transaction ...
As Union Budget 2026 approaches, taxpayers are keenly watching whether the government will extend fresh income tax relief ...
As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.
Under Indian tax law, if a resident father-in-law gifts a sum of money to his daughter-in-law who is an NRI, the gift is not ...
Economic Offences Wing of Delhi Police has launched an investigation into alleged fraudulent GST transactions totalling ...
The IRS opens the 2026 tax filing season this month. Here’s when you can file 2025 taxes, track your refund, and the last day ...
For most taxpayers, the real sense of relief after filing an Income Tax Return (ITR) comes only when the refund amount is ...
If the time of refund is greatly delayed, along with no update on the online status, contact the Centralised Processing ...
Despite deficiencies in documentation, agricultural activity and landholding were undisputed. The Tribunal granted partial relief while sustaining a modest addition. The decision highlights a balanced ...
From April 1, 2026, the new Income-tax law will replace ‘Assessment Year’ with ‘Tax Year’ to simplify tax filing and ...
These can increase your tax liability and also result in penalties, fines and notices from the tax department.
Filing income tax returns is a routine yet often tedious task for salaried individuals and families in India. For married ...
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