Income Tax

Terming the prosecution malicious, the Madras High Court quashed the complaints filed by the Income Tax Department under Section 276 C (2) of the Income Ta...

On Wednesday the Supreme Court of India said that the reassessment notices issued under Section 148 of the unamended Income Tax Act beyond 1st April, 2021...

Taxpayers need to adhere to various compliance requirements every month. They are required to comply with different types of compliances applicable under d...

Every tax payer is confronted with the mammoth task of selecting a smart tax saving option or an optimum tax saving plan. Most tax payers think about desig...

The Central Board of Direct Taxes (CBDT) has notified a new ITR form for the Assessment Year 2022-23. The new ITR form does not meddle with the applicabili...

A single judge bench of the Chhattisgarh High Court headed by Justice Parth Prateem Sahu quashed the Income Tax Reassessment Notice which was issued to the...

Introduction   Many people believe Tax planning and Tax Management to be the same thing. However, there is a big difference between the two conce...

Introduction   Every assessee thinks how it can take the maximum possible advantages from the tax benefits offered by the government. This piece...

Introduction   A recent order of the honourable Delhi High Court has ruled that a penalty order passed by the Income Tax Authority under the prov...

Introduction   A recent order of the Honourable Allahabad High Court has clarified that mere digitally signing of notice under section 148 of the...

A divisional bench of Bombay High Court consisting of Justice Pushpa v. Ganediwala and Justice A.S. Chandurkar in a recent case of Pankaj s/o Roshan Dhawan...

As the new financial year kicks in, there are many income tax rules that also sets in. From income tax on crypto assets to new tax rules on EPF interest,.....