News

The IT Department has simplified online rectification on the e-filing portal, allowing direct correction of tax orders, even as delayed refunds continue to trouble taxpayers.

New Rectification Feature on Income Tax Portal Brings Relief to Taxpayers Amid Refund Delays

Articles

Taxpayers are seeking an refund extension beyond December 31 to file revised ITRs for AY 2025-26 due to time constraints.

Income Tax Refund Delays: Key Reasons Why Refunds Are Still on Hold

Judgement

Procedural lapse cannot override substantive compliance where entire capital gain is invested in new residential house within statutory period

ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

ITAT Delhi Holds Chartered Accountant Partner Can Opt for Section 44ADA on Firm Remuneration

Partner’s Remuneration Eligible for Presumptive Taxation Under Section 44ADA

Tribunal Remands Case to AO to Determine Whether Receipt Was Genuine Property Advance or Loan

ITAT Grants Fresh Opportunity in Rs. 20 Lakh Section 68 Addition Linked to Alleged Accommodation Entry

The Income Tax Department urges citizens to confidentially report the use of black money in the Maharashtra Municipal Corporation Elections 2025-26 to ensure free and fair elections.

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New Rectification Feature on Income Tax Portal Brings Relief to Taxpayers Amid Refund Delays

Income Tax Refund Delays: Key Reasons Why Refunds Are Still on Hold

ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

Partner’s Remuneration Eligible for Presumptive Taxation Under Section 44ADA

ITAT Grants Fresh Opportunity in Rs. 20 Lakh Section 68 Addition Linked to Alleged Accommodation Entry

IT Department Seeks Public Support to Curb Black Money in Maharashtra Municipal Elections 2025-26