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…
Profits from stock trading can be classified as business income for tax purposes, not just capital gains, depending on the nature and frequency of trades. Intraday trading is considered speculative business income,…
Raul John Aju, a 16-year-old artificial intelligence prodigy from Kerala, pays his father a monthly salary of Rs 2 lakh from his earnings. The teenager is the founder and CEO of an…
The Income Tax Appellate Tribunal (ITAT), Delhi, has directed the tax department to refund Rs 5,31,680 in TDS with statutory interest to a taxpayer who had not filed an original income tax…
The Income Tax Appellate Tribunal in Mumbai has deleted a Rs 11,003 crore tax disallowance against Reliance Jio Infocomm, ruling that accounting classification alone cannot determine tax treatment of expenses.
Hindustan Unilever on Friday won a Rs 29,000 crore tax dispute at the Bombay High Court, which ruled that a tax notice issued in 2021 for the 2018-19 assessment year was time-barred…
Police in Andhra Pradesh have booked a chartered accountant and seven firms for allegedly facilitating the illegal transfer of Rs 186 crore abroad using false Form 15CB certifications. The case, registered on…
The Income Tax Department has introduced six changes to the ITR-4 (Sugam) form for the Assessment Year 2026-2027, affecting taxpayers who opt for the presumptive taxation scheme under Sections 44AD, 44ADA or…
The Supreme Court has directed the government to investigate allegations that private verification companies are accessing and commercially using sensitive personal data, including income tax returns (ITR) and Employees' Provident Fund Organisation…
The Supreme Court has directed the government to investigate allegations that private companies are commercially exploiting income tax and provident fund records of millions of Indians. While hearing a PIL, the court…
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.