Why It Is Important for NRIs to File Income Tax Returns in India

26 May, 2025

Why It Is Important for NRIs to File Incom...

For many Non-Resident Indians (NRIs), the idea of filing income tax returns (ITR) in India might seem unnecessary, espe...

Understanding RNOR Status in India: Eligibility, Exceptions, and Tax Benefits

26 May, 2025

Understanding RNOR Status in India: Eligib...

As the Income Tax Return (ITR) filing season approaches, it is crucial for individuals, especially those returning from...

When NRIs Are Not Required to Quote PAN in India: Exemptions You Should Know

26 May, 2025

When NRIs Are Not Required to Quote PAN in...

Introduction Non-Resident Indians (NRIs) often face confusion when dealing with financial or legal transactions in I...

PAN Quoting: Know Where It Is Mandatory Under Rule 114B of the Income Tax Act

26 May, 2025

PAN Quoting: Know Where It Is Mandatory Un...

In India, the Permanent Account Number (PAN) is a ten-digit alphanumeric identifier issued by the Income Tax Department...

Income Tax Rate on Short-Term and Long-Term Capital Gains on Shares and Mutual Funds For FY 2024-25 (AY 2025-26)

21 May, 2025

Income Tax Rate on Short-Term and Long-Ter...

India’s capital gains tax structure underwent notable revisions in the Union Budget 2024-2025, especially concerning ...

Section 194T – New TDS Provision for Partnership Firms and LLPs from April 1, 2025

21 May, 2025

Section 194T – New TDS Provision for Partn...

The Income Tax Department has introduced a major change that impacts partnership firms and LLPs in India starting from ...

NRI ITR Filing in India: What to Do When ITR Utilities Are Not Yet Issued

21 May, 2025

NRI ITR Filing in India: What to Do When I...

For many Non-Resident Indians (NRIs), the income tax filing season in India can be a confusing and time-sensitive task,...

Mumbai ITAT Rules in Favor of Assessee on Long-Term Capital Gains from Penny Stock Shares

8 May, 2025

Mumbai ITAT Rules in Favor of Assessee on ...

Background of the Case The case involved Jayesh Sojpar Karnia HUF, who had filed an appeal against the order passed ...

Who Can File ITR-1 (Sahaj) in AY 2025-26? Eligibility, Due Date, Documents & Tips

8 May, 2025

Who Can File ITR-1 (Sahaj) in AY 2025-26? ...

The Income Tax Return Form ITR-1, also known as Sahaj, is specifically designed for resident individuals with straightf...

ITAT Quashes Rs. 103 Crore Demand Against Auto-Rickshaw Driver in Accommodation Entry Case

1 May, 2025

ITAT Quashes Rs. 103 Crore Demand Against ...

In an important ruling by the Income Tax Appellate Tribunal (ITAT), Mumbai, the case of Surendra Kumar Rajmani Mishra v...

TCS on Luxury Goods Above Rs.10 Lakh: CBDT Notification 36/2025 Explained

1 May, 2025

TCS on Luxury Goods Above Rs.10 Lakh: CBDT...

The Central Board of Direct Taxes (CBDT) has issued Notification No. 36/2025 dated 22nd April 2025, bringing important ...

How Notification 38/2025 Changes Business Expense Claims Under Section 37 of Income-tax Act

1 May, 2025

How Notification 38/2025 Changes Business ...

The Central Board of Direct Taxes (CBDT) has issued Notification No. 38/2025 dated 23rd April 2025, introducing importa...

ITAT Delhi Provides Full Relief in Demonization-Era Cash Deposit Case

21 Apr, 2025

ITAT Delhi Provides Full Relief in Demoniz...

In a significant judgment offering relief to a taxpayer, the Delhi Bench "SMC" of the Income Tax Appellate Tribunal (IT...

Partial Relief to Agriculturist in Cash Deposit Case: ITAT Delhi Decision Explained

21 Apr, 2025

Partial Relief to Agriculturist in Cash De...

In a recent judgment that could set an interesting tone for similar cases, the Income Tax Appellate Tribunal (ITAT), De...

ITAT in Favor of Assessee in Delayed CIT Appeal Case: Gives Assessee a Second Chance

21 Apr, 2025

ITAT in Favor of Assessee in Delayed CIT A...

In a significant development from the Income Tax Appellate Tribunal (ITAT), Delhi Bench, a set of three appeals filed b...

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