All Excel Utilities of ITR-1 to ITR-7 for AY 2025-26 made available at Income tax e-filing Portal. Income Tax Department has finally released all Excel Utilities of Income Tax Returns from ITR-1 to ITR-7 for AY 2025-26. These excel based utilities to prepare ITRs are available for download …

Income tax on gross winnings from online games without setting off loss upheld as section 115BBJ is prospective. In a recent judgment, ITAT Hyderabad has upheld tax on gross winnings instead of net winnings from online games holding that provisions of 115BBJ being a new section introduced from …

Extension of the due date for furnishing Form GSTR-3B return for Mumbai and other districts of Maharashtra. CBIC in view of the heavy rain and flood, has extended the due date for furnishing Form GSTR-3B return for the month of July 2025 upto 27.08.2025 for the taxpayers registered …

No prosecution under Black Money Act for omission to disclose assets (other than immovable property) of value up to Rs. 20 Lakhs – CBDT Instruction Central Board of Direct Taxes (CBDT) had issued an Instruction vide F. No.285/46/2021/IT (lnv.V)/645 dated 15.03.2022 clarifying  that  prosecution under section 49 and/or …

ITAT deleted addition for late deposit of PF and ESI contributions as CPC intimations u/s 143(1) were issued prior to the decision of the Hon’ble Supreme Court In an interesting judgment, ITAT Delhi deleted addition for late deposit of PF and ESI contributions holding that CPC intimations under …

Plea of negligence of tax consultant rejected as no complaint made against him and also tax consultant not impleaded as a party in Writ petition. In a recent judgment, Hon’ble Kerala High Court rejected the plea of negligence on the part of the tax consultant in the absence …