Articles

The petitioner contended that Section 13A(d) allows the wealthy anonymous donors to divide the large donations into smaller Rs 2,000 each and use multiple ways to donate money to the political parties.

Supreme Court Agrees to Hear Plea Challenging Income Tax Exemption for Political Parties

Taxpayers who have missed their deadline for filing ITR for the AY 2025-26, there is a special chance for you to file a belated return online. Check the simple steps to file a return.

Missed ITR Deadline for AY 2025-26? Here's Step-by-Step Procedure to File Belated Return Online

The govt has made e-KYC mandatory for all Ladki Bahin Yojana beneficiaries, with updated data going to Income Tax Department to verify income.

Ladki Bahin Yojana Tightened: Income Tax Department Verification to Decide Who Keeps Benefits

Judgement

ITAT Amritsar condones a delay of 122 days in a case where Rs. 11.86 lakh cash deposited during the demonetisation period and sends the case back to CIT(A) for fresh examination.

Demonitization cash deposited from sales treated as unexplained cash deposit: ITAT remands back case

ITAT held that performance bond guarantee and bank guarantee charges are not commission or brokerage, as there is no principal-agent relation

No TDS u/s 194H Applicable on bank guarantee charges: ITAT

The ITAT ruled that if the assessee intends to invest in construction of property, the assessee must be allowed the exemption under section 54, even if the investment was not made in the CGDS Scheme.

Explore Our Blogs

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

Supreme Court Agrees to Hear Plea Challenging Income Tax Exemption for Political Parties

Missed ITR Deadline for AY 2025-26? Here's Step-by-Step Procedure to File Belated Return Online

Ladki Bahin Yojana Tightened: Income Tax Department Verification to Decide Who Keeps Benefits

Demonitization cash deposited from sales treated as unexplained cash deposit: ITAT remands back case

No TDS u/s 194H Applicable on bank guarantee charges: ITAT

ITAT allows Section 54 Exemption for Construction Purposes, Despite Non-Deposit Under CGDS