Judgement

ITAT reduces the accommodation entry commission addition from 3% to 0.15%, substantially lowering the tax liability on alleged entries worth Rs 24.73 crore.

ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

Articles

Avoid common capital gains reporting mistakes in ITR filing to prevent tax notices, delayed refunds and incorrect tax liability.

Capital Gains in ITR: Common Mistakes Taxpayers Should Avoid While Filing Returns.

Capital Gains in ITR: Common Mistakes Taxpayers Should Avoid While Filing Returns

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Why You May Still Have to File ITR Despite Nil Tax Liability

News

The Income Tax Department has identified nearly 15,000 to 20,000 cases where taxpayers allegedly reduced their tax liability by claiming deductions and exemptions under incorrect provisions of the Income-tax Act.

Income Tax Department Flags 20,000 Cases of Wrong Deduction Claims Through Swapped Provisions Tax Strategy

Tax liability does not end with death. Legal heirs must handle pending tax filings and dues from the deceased's estate under Section 302 of the Income Tax Act, 2025.

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ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

Capital Gains in ITR: Common Mistakes Taxpayers Should Avoid While Filing Returns

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Why You May Still Have to File ITR Despite Nil Tax Liability

Income Tax Department Flags 20,000 Cases of Wrong Deduction Claims Through Swapped Provisions Tax Strategy

Does Tax Liability End After Death? Know the Rules for Legal Heirs