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NSDL latest e-TDS TCS RPU version 1.2 for Tax Year 2026-27 NSDL has revised the e-TDS TCS RPU utility for preparing of TDS/TCS returns for Tax Year 2026-27 TDS/TCS RPU version 1.2 for Tax Year 2026-27 RPU latest version 1.2 applicable for filing e-TDS/TCS returns for Tax Year …
Assessee entitled to claim deprecation u/s 11(6) if corresponding capital expenditure was not claimed as application of income – ITAT In a recent judgment ITAT has held that assessee society was entitled to claim deprecation u/s 11(6) towards application of income in view of the fact that corresponding …
Chartered Accountants issuing certificates in Form 15CB/Form146 are expected to exercise due care, diligence and professional judgment – CBDT CBDT has cautioned CAs on exercising due care, diligence and professional judgment while issuing certificates in Form 15CB/Form146 regarding foreign remittances. In its press release, CBDT has stated that …
Section 292C of the Income Tax Act 1961 indeed carries presumption of correctness of such seized documents contents but only against the searched than any third party In a recent judgment, ITAT has held that section 292C of the Income Tax Act 1961 indeed carries presumption of correctness …
PCIT directed to consider condonation of delay u/s 119(2)(b) in filing revised return to availing benefits of section 44ADA In a recent case, the High Court quashed order u/s 119(2)(b) rejecting condonation of delay for filing revised return to claim refund by availing benefits of presumptive taxation u/s …
Whether condition of pre-deposit prior to reference to Arbitration is arbitrary and violative of the right to sue – Division Bench seeks reference to a larger Bench. In a recent judgment, a Division Bench of the Hon’ble Supreme Court has referred the issue of condition of pre-deposit prior …
Frequently asked Questions on Foreign Assets of Small Taxpayers Disclosure Scheme and Rule 2026. CBDT has released a FAQs on Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS) and recently notified Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026 The FAQs are divided into sections namely …
Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026 notified. Rule come into force on the 16th day of August, 2026. The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (in short, “FAST-DS”) is a one-time voluntary compliance mechanism introduced under Chapter IV (running from Sections 130 to …
Order u/s 69 of the CGST Act authorising arrest of a person has to be communicated to him before arrest– Supreme Court In a recent judgment Hon’ble Supreme Court has held that order under Section 69 of the CGST Act being a sine qua non to seek anticipatory …
Refund can not be denied on the ground that it was claimed in a return filed u/s 148 where no return had been filed u/s 139 – ITAT In a recent judgment, ITAT has held that refund can not be denied on the ground that it was claimed …
