The Tribunal ruled that mere reliance on Sales Tax Department information and unserved notices cannot justify full addition. Since turnover and quantitative records were accepted, only estimated ...

High salary earners are receiving 'nudge' notices from the Income Tax Department. These notices prompt employees to correct errors like undeclared property income, crypto gains, and ESOPs. The ...

Previously, PAN was mandatory for cash withdrawals or deposits above Rs 50,000, but now PAN will be required only if the total cash transaction exceeds Rs 10 lakh in a year ...

Believe it or not, it's possible to prepare and file your income taxes without spending a dime. We've reviewed the leading ...

Redesigned income tax return (ITR) forms, broader criterion for applicability of ITR forms, and more pre-filled details a.

From April 1, 2026, taxpayers will operate under a cleaner, simpler Income Tax Act that keeps tax rates intact but makes ...

The Tribunal upheld penalty for non-filing of return under Explanation 3 but ruled that computation must reduce TDS and self-assessment tax paid before notice. Penalty was reduced from Rs. 8.56 lakh ...

A Mississippi judge granted Ole Miss quarterback Trinidad Chambliss a preliminary injunction that gives him another year of ...

With the implementation of the Income Tax Act, 2025, taxpayers seeking relief from higher tax deductions at source (TDS) will ...

The Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on property and other transactions. This form replaces the older Form 13, with ...

Overview: To cash out bitcoin in India in 2026, you must use a government-registered exchange (like Mudrex or CoinDCX) and ...