• Income Tax

Amendment in due dates for filing ITR and time limit of revised return under Income Tax Act 2025

3 days ago

Amendment in due dates for filing return of income and time limit for filing revised return under Income Tax Act…

  • Income Tax

No changes propsoed in Section 87A Rebate for AY 2027-28 (FY 2026-27) in Budget-2026-27

3 days ago

No changes proposed in Section 87A Rebate for AY 2027-28 ( FY 2026-27 ) under New Tax Regime and Old…

  • Income Tax

No changes in Income Tax slabs or rates for individuals/HUFs for AY 2027-28. Budget 2026-27

3 days ago

No changes proposed in Income Tax basic exemption limit and tax slabs for individuals & HUFs for AY 2027-28 in…

  • Budget-2026

Union Budget 2026-27 watch Live – Highlights of direct and indirect tax proposals

3 days ago

Union Budget 2026 watch Live - Highlights of direct and indirect tax proposals. Finance Minister has presented Union Budget 2026-27…

  • Labour Laws

Supervisory with wages exceeding Rs. 18000 p.m. not a worker under Code on Wages 2019

4 days ago

A supervisor drawing wages exceeding eighteen thousand rupees per month not a worker under new Code on Wages Under the…

  • Income Tax

ITAT has power to stay order appealed, even in absence of any subsisting tax demand

4 days ago

ITAT has jurisdiction to stay an order appealed against, even in absence of any subsisting tax demand. In a recent…

  • Income Tax

Effect of reduced timeline for filing TDS Correction statements on TDS Credits

5 days ago

Effect on a common taxpayer of reduced timeline for filing TDS Correction statements on TDS Credits Income Tax Department has…

  • Income Tax

Accounting principles and provisions of law do not permit addition of opening balance – ITAT

5 days ago

Accounting principles and provisions of law do not permit the addition in relation to an opening balance - ITAT In…

  • Income Tax

Penalty for late supply of goods allowable deduction u/s 37 being not a crime or prohibited activity

7 days ago

Penalty levied for late supply of goods is an allowable deduction u/s 37 as late supply neither a crime nor…

  • Income Tax

Interest received from Cooperative banks allowable deduction u/s 80P to a Cooperative Society

1 week ago

Deduction u/s 80P(2)(d) towards interest received from cooperative banks is allowable to a cooperative society. In a recent judgment, Hon'ble…