The Income Tax Act 2025 introduces Form 141, a unified challan-cum-statement for reporting tax deducted at source (TDS) on specified transactions. It replaces the earlier Forms 26QB, 26QC, 26QD and 26QE used…
Taxpayers examining eligibility under the Rs 1-crore limit of the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026) face uncertainty over how to compute undisclosed foreign income. The scheme's rules…
The Central Board of Direct Taxes (CBDT) has introduced a new system for reporting high-value financial transactions where a person does not have a Permanent Account Number (PAN). Under a notification issued…
The Supreme Court on Wednesday agreed to urgently hear the Centre's challenge to a Punjab and Haryana High Court ruling that struck down Section 147A of the Income-Tax Act, a provision allowing…
The Income Tax Department's FAST-DS scheme, open until December 31, 2026, lets small taxpayers disclose foreign assets in a one-time window. For undisclosed foreign assets worth up to Rs 1 crore, the…
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a ₹65.21 lakh payment received by a former Pfizer Healthcare India employee under a voluntary retirement scheme (VRS) is…
Using UPI, NEFT, RTGS or IMPS for large payments does not automatically trigger an income tax notice, but unexplained transactions can attract scrutiny, the Income Tax Department's compliance framework focuses on mismatches…
India remains a very attractive destination for global investments, Mauritius Financial Services Minister Jyoti Jeetun told The Hindu. She said the amended Double Taxation Avoidance Agreement (DTAA) between the two countries, recently…
The Income Tax Department has launched a nationwide verification drive targeting 394 entities and 36 professionals, including chartered accountants, over suspected irregularities in foreign remittances. Of the entities under scrutiny, 117 are…
The Central Board of Direct Taxes (CBDT) has notified the rules for the Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS) 2026, a one-time voluntary window to declare certain undisclosed foreign assets…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.