Month: March 2026
FSSAI revises turnover threshold for grant of license/registration to various food businesses in India under Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011 The Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011 notified under the Food Safety and Standards Act, …
Persons with Piped Gas connection to surrender domestic LPG connection and not to obtain a domestic LPG connection Amidst the person queuing up for LPG Cylinders in the wake of Iran war, the Indian Government has amended the Liquefied Petroleum Gas (Regulation of Supply and Distribution) Order, 2000. …
Since TDS statements are filed on a quarterly basis, the computation of limitation for treating assessee in default u/s 201 (3) operate quarter-wise – High Court In a recent judgment, Hon’ble High Court has held that scheme of TDS compliance and rules treats each quarter as a separate …
Pillar Two model rules – MCA has notified the Companies (Accounting Standards) Amendment Rules, 2026 to amend Accounting Standard (AS) 22 Taxes on income. It has been provided that the Accounting Standard applies to taxes on income arising from tax law enacted or substantively enacted to implement the …
No addition can be made on the basis of the statement recorded during survey u/s 133A from the husband who was also employee of the assessee. In a recent judgment, ITAT Guwahati has held that addition can not be made on the basis of the statement recorded during …
Satisfaction note u/s 153C should be prepared for each Assessment Year mentioning the documents seized in respect of each AY. In a recent judgment, ITAT Bangalore has held that the satisfaction note should be prepared for each Assessment Year mentioning the documents seized in respect of each A.Y. …
A Writ Petition should be filed within a reasonable period, High Court dismissed Petition challenging order passed u/s 119(2)(b) In a recent judgment, Hon’ble High Court while dismissing Writ Petition against order passed u/s 119(2)(b) by the CIT rejecting application for delay in filing return of income observed …
Excel Form 10E-Salary Arrears Relief calculator AY 2026-27 (FY 2025-26) for claiming rebate under section 89(1) of Income Tax Act 1961-Download version 3.15 As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives …
CBIC prescribes procedure for handling of returning export cargo from international waters due to closure of the Strait of Hormuz and waiver of levy of additional fee CBIC has considered the representations received from field formations indicating that, due to the closure of the Strait of Hormuz and …
Addition u/s 68 of the Income Tax Act towards entries of cash deposit in bank statement upheld even though assessee was not maintaining any books of accounts. In a recent judgment, ITAT Delhi has upheld addition made u/s 68 of the Income Tax Act towards entries of cash …
