A Surat-based real estate businessman, Mr Patel, has secured a full tax exemption on a long-term capital gain of Rs 5.06 crore from converting inherited land into stock-in-trade. The Income Tax Appellate…
The Central Board of Direct Taxes (CBDT) has notified the Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS) Rules, 2026, effective from August 16, 2026. Times Now reports the scheme is for…
The Allahabad High Court has ruled that the 18-month period under Section 245D(4A)(iii) of the Income Tax Act for disposing of a settlement application is mandatory, not directory. It quashed an order…
The Income Tax Department on Saturday notified the Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), allowing eligible taxpayers to declare undisclosed foreign assets and income by paying an effective 60% tax. The…
The CBDT’s one-time Foreign Assets of Small Taxpayers Disclosure Scheme will accept declarations from August 16 to December 31, 2026. Eligible taxpayers can disclose certain foreign assets or income through electronic Form…
The Foreign Assets of Small Taxpayers Disclosure Scheme will open on August 16, 2026, and accept declarations until December 31, the Income Tax Department said. Asset values will be calculated as on…
The Income Tax Department has withdrawn 5,978 appeals and decided not to file another 17,489 after higher monetary limits were introduced for departmental tax appeals. The figures, disclosed by Finance Minister Nirmala…
The Appointments Committee of the Cabinet (ACC) has approved the appointment of three senior Indian Revenue Service officers as Members of the Central Board of Direct Taxes (CBDT), ndtvprofit.com reports. Pallavi Agarwal,…
The Delhi High Court has barred the income tax department from processing income tax returns filed by Supreme Court and high court judges under the new tax regime. The dispute centres on…
The Central Board of Direct Taxes has enabled taxpayers to view foreign asset information in the Annual Information Statement on the income-tax e-Filing portal. The data, received from over 100 jurisdictions under…
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.