Livemint.com reports that taxpayers selling shares can potentially claim Section 54F exemption by transferring one residential property to their Hindu Undivided Family (HUF). The exemption under Section 54F of the Income Tax…
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…
Banks must report total cash deposits exceeding Rs 10 lakh in a savings account during a financial year to the Income Tax Department, Mint reports. The threshold covers one or several transactions…
The Kerala High Court has ruled that the annual Rs 1.5 lakh PPF contribution limit applies cumulatively to a parent's own account and their minor child's account, not separately. The court ordered…
The Supreme Court has ruled that a revision petition under Section 264 of the Income Tax Act cannot be used to revise a self-assessment return after the statutory deadline has passed. A…
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.