News

ITAT has confirmed the attachment of 900 suspicious accounts of Buldana Urban Cooperative Credit Society under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA).

ITAT Confirms Freezing of Rs. 54 Crore in 900 Suspicious Buldana Urban Co-op Accounts

Income Tax Department takes Rs 50 lakh in cash from a vehicle at Hathras, Uttar Pradesh. Two held for questioning regarding the cash seizure.

Income Tax Department Seizes Rs. 50 Lakh Cash from Vehicle in Hathras

Getting a notice under Section 142 of the Income Tax Act might be intimidating, but in many cases, it is merely part of the information-gathering process of the tax department.

Understanding Income Tax Section 142 Notices: A Taxpayer's Guide

Articles

The Income Tax Department has issued a new form for ITR filing for the assessment year 2025-26. ITR Form 1 and 4 have been issued for AY 2025-26

Updated ITR Form 2025: File Returns up to Rs. 50 Lakh Easily

The Finance (No. 2) Act, 2024 has made drastic changes to Section 206C(1F) of the Income-tax Act with respect to Tax Collection at Source (TCS) on sale of motor vehicles and some notified luxury items.

Understanding TCS on Sale of Luxury Goods and Motor Vehicles: Section 206C(1F)

Judgement

As per an Landmark ITAT ruling, Failure to file Form 10-IE within prescribed due date does not invalidate claim of New Tax Regime

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ITAT Confirms Freezing of Rs. 54 Crore in 900 Suspicious Buldana Urban Co-op Accounts

Income Tax Department Seizes Rs. 50 Lakh Cash from Vehicle in Hathras

Understanding Income Tax Section 142 Notices: A Taxpayer's Guide

Updated ITR Form 2025: File Returns up to Rs. 50 Lakh Easily

Understanding TCS on Sale of Luxury Goods and Motor Vehicles: Section 206C(1F)

Failure to file Form 10-IE within prescribed due date does not invalidate claim of New Tax Regime: ITAT