Articles

A comprehensive guide to gift taxation in India covering taxable and exempt gifts, Section 56(2)(x) provisions, reporting requirements, and practical examples for FY 2025-26.

Gift Received in FY 2025-26? Check Its Taxability Under Income Tax

News

The RBI has issued consolidated Master Directions on Payment System Authorisation under the powers conferred by the Payment and Settlement Systems Act, 2007, with immediate effect.

RBI Consolidates Payment System Authorisation Framework into Master Directions

Result

The ICAI has announced the results for the CA Final Examinations held from May 2, 2026, to May 12, 2026, at caresults.icai.org; check the list of top rankers below.

ICAI CA Final May 2026: Results Out at caresults.icai.org; Check Toppers List and Process to Check

Judgement

Tribunal holds unverified digital notings alone cannot establish undisclosed income from aborted property transactions.

Income Tax Addition Based Solely on WhatsApp Chats and Mobile Records Deleted; ITAT Says Uncorroborated Electronic Evidence Cannot Justify Tax Demand

Tribunal allows leave encashment and depreciation claims while remanding rental and TDS issues.

Mumbai Port Authority Gets Rs. 80 Crore Tax Relief; ITAT Allows Leave Encashment Deduction Paid Through SBI Life Scheme

Tribunal holds broken-period interest on NCD transfer taxable as interest income, not capital gains.

Singapore Investor Claimed Rs. 6.35 Crore Non-Convertible Debentures Gain as Tax-Free Capital Gain; ITAT Holds Broken-Period Interest Taxable as Interest Income

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