What is ITR-4 SUGAM? ITR-4 – popularly known as SUGAM — is the simplified income tax return form notified by the Income Tax Department for Assessment Year 2026–27 (Financial Year 2025–26). It is designed for small taxpayers who opt for the presumptive taxation scheme, which eliminates the need to maintain detailed books of accounts. The …
Continue reading “ITR-4 SUGAM Filing Guide AY 2026–27: Eligibility, Sections 44AD, 44ADA & 44AE”
Every year, crores of Indian taxpayers sit down to file their Income Tax Return and face the same question: Which ITR form should I use, and how do I fill it correctly? For most salaried individuals in India, the answer is ITR-1, also called SAHAJ, the simplest income tax return form available. But “simple” does …
The Central Board of Direct Taxes (CBDT) has taken a significant step toward facilitating timely and smooth income tax return filing by releasing the Excel-based offline utilities and Online filing for ITR-1 (Sahaj) and ITR-4 (Sugam) for Assessment Year 2026-27. Both utilities were made available on 15th May 2026 on the Income Tax e-Filing portal. …
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has once again delivered an important judgment protecting taxpayers from invalid reassessment proceedings initiated without following mandatory legal procedures. In the case of Mathew Julius Menezes ITAT Mumbai Case, the Tribunal quashed the reassessment proceedings initiated under Sections 147 and 148 of the Income Tax …
Continue reading “Section 148 Notice Quashed by ITAT Mumbai for Invalid Sanction Under Section 151”
The Mumbai Bench of the Income Tax Appellate Tribunal in the case of Jamshed Naval Karanjia vs Commissioner of Income Tax Appeal 57 ITA No 3508 Mum 2025 has delivered an important ruling concerning demonetisation cash deposits and additions made under Section 69A of the Income Tax Act. The Tribunal granted substantial relief to an …
The Delhi Bench of the Income Tax Appellate Tribunal in the case of Rajiv Garg vs Commissioner of Income Tax Appeals ITA No 7804 Del 2025 has delivered an important ruling on reassessment proceedings initiated under Section 148 of the Income Tax Act after the amendments introduced by the Finance Act, 2021. The Tribunal held …
Introduction The Delhi Bench of the Income Tax Appellate Tribunal has recently delivered an important judgment in the cases of Navneet Gupta & Sons vs ACIT ITA No. 7138 Del 2025 and Rajan Gupta & Sons vs ACIT ITA No. 7139 Del 2025, granting significant relief to taxpayers facing penalty proceedings under Section 271D of …
A significant ruling has recently been delivered by the Delhi Bench of the Income Tax Appellate Tribunal in the case of Vinay Chaudhary vs ACIT for AY 2021-22. The judgment is highly relevant for taxpayers, especially NRIs, investors, and individuals claiming exemption under Section 54F of the Income Tax Act. The Tribunal quashed the assessment …
