News

Lok Sabha Select Committee adopts 285 suggestions on Income Tax Bill 2025. New simplified tax law to replace the 1961 Act from April 2026.

Breaking update on Income Tax Bill 2025: Parliamentary committee adopts 285 suggestions to simplify Income tax laws

Judgement

UK-based Tungsten Automation challenges Indian tax on Genpact payments, questioning FTS classification under the India-UK DTAA.

DTAA: Merely Imparting Training Does Not Necessarily Satisfy Make Available, ITAT

The ITAT gave direction to the AO to allow the benefit of exemption under Article 15(1) of the DTAA between India and China

Salary Earned in China by Chinese Tax Resident Not Taxable in India Merely Due to Remittance: ITAT

Articles

In a significant move, many taxpayers who filed an Updated Income Tax Return (ITR-U) in previous years woke up to emails from the Income Tax Department informing them about a change in the rectification process.

ITR-U Rectification Rights Transferred to AOs: What Taxpayers Need to Know

Diligent Media received another order demanding 20% (around Rs 8.27 crore) of the said demand.

Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

Income Tax: Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

The ITAT ruled in favour of the assessee and held that Derivatives are not the same as shares, even if shares are the underlying asset.

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Breaking update on Income Tax Bill 2025: Parliamentary committee adopts 285 suggestions to simplify Income tax laws

DTAA: Merely Imparting Training Does Not Necessarily Satisfy Make Available, ITAT

Salary Earned in China by Chinese Tax Resident Not Taxable in India Merely Due to Remittance: ITAT

ITR-U Rectification Rights Transferred to AOs: What Taxpayers Need to Know

Income Tax: Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities