Judgement

ITAT held that a genuine Section 43B deduction for employee bonus cannot be denied merely due to a reporting error in Form 3CD when actual payment is substantiated by evidence.

ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

The ITAT Mumbai held that the tax authorities cannot treat the disputed purchases as bogus, solely relying on the general information received from the Sales Tax Department without independent verification.

Entire Purchases Cannot Be Treated As Bogus Merely Relying on Information Received From Sales Tax Dept: ITAT

Articles

Taxpayers holding RBI Floating Rate Savings Bonds have been advised to carefully verify the interest income reflected in their AIS before filing ITR for Assessment Year 2026-27.

RBI Floating Rate Bond Interest Showing Only Half in AIS; Verify Income Before Filing ITR 2026

Employers must issue Form 16 by June 15, 2026, enabling salaried taxpayers to verify income, TDS, deductions, and other tax details before filing their income tax returns.

ITR Filing 2026: Why Form 16 Is Crucial Before Filing Your Return

A comprehensive guide for senior citizens on selecting the correct ITR form for AY 2026-27, understanding eligibility rules, exemptions, and avoiding common tax filing mistakes.

Senior Citizens’ ITR Filing Guide AY 2026-27: How to Choose Right Form and Avoid Costly Mistakes

A complete guide to all seven ITR forms for AY 2026-27, explaining who should file each form and how choosing the correct ITR can help avoid notices, penalties, and refund delays.

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ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

Entire Purchases Cannot Be Treated As Bogus Merely Relying on Information Received From Sales Tax Dept: ITAT

RBI Floating Rate Bond Interest Showing Only Half in AIS; Verify Income Before Filing ITR 2026

ITR Filing 2026: Why Form 16 Is Crucial Before Filing Your Return

Senior Citizens’ ITR Filing Guide AY 2026-27: How to Choose Right Form and Avoid Costly Mistakes

Filing Your ITR? Here's a Simple Breakdown of All 7 Income Tax Return Forms