News

Whirlpool of India Limited has received a draft assessment order, proposing disallowances of Rs 28.39 Crore, with an estimated tax impact of about Rs 7.14 crore.

Whirlpool Of India Limited Faces Income Tax Scrutiny After Receiving Draft Assessment Order

GTPL Hathway Limited has received a GST demand order alleging wrong ITC and short GST payment. The company plans to challenge the order before appropriate appellate authorities.

GTPL Hathway Faces Rs 11.13 Crore Demand Over Alleged ITC and Short GST Payment

Articles

The IT Dept clarified that the new 12% surcharge applies only to the additional income tax payable by promoters on capital gains from share buybacks.

Income Tax Department Clarifies 12% Surcharge on Promoters Buyback Gains

New Income-tax Act, 2025 simplifies filing with clearer reporting, higher meal benefit exemptions, expanded HRA rules to improve transparency and compliance.

From Meal Cards to HRA: Major Updates in India’s New Tax Law

The notice was written in a very formal way and included the detailed rules, payment directions, and warnings about interest and penalties if the amount of Rs 3 was not paid on time.

Income Tax Department Sends Rs 3 Income Tax Demand Notice; Netizens Go Gaga on Social Media

Judgement

ITAT Ahmedabad granted partial relief to a small trader by replacing a full unexplained income addition with an 8% presumptive profit estimation on total turnover.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Whirlpool Of India Limited Faces Income Tax Scrutiny After Receiving Draft Assessment Order

GTPL Hathway Faces Rs 11.13 Crore Demand Over Alleged ITC and Short GST Payment

Income Tax Department Clarifies 12% Surcharge on Promoters Buyback Gains

From Meal Cards to HRA: Major Updates in India’s New Tax Law

Income Tax Department Sends Rs 3 Income Tax Demand Notice; Netizens Go Gaga on Social Media

ITAT Grants Major Relief to Small Trader, Limits Tax Liability Using 8% Presumptive Income Rule