Judgement

The Delhi High Court refuses to entertain a writ in the Rs. 18.55 Cr fake ITC case, directs the petitioner to seek a remedy through the GST appeal process.

High Court Declines Writ in Rs 18.55 Cr Fake ITC Case: Petitioner Directed to File Appeal under Section 107

Articles

When the income tax department finds any defects in your ITR, it marks the return as defective under section 139(9) of the Income Tax Act, 1961.

Return Treated as Defective? What Should Taxpayers Do?

Notifications

CBDT updates prosecution guidelines under the Black Money Act, 2015, exempting non-immovable foreign assets up to Rs. 20 lakh from penalties and prosecution.

Black Money Act: No penalty/ prosecution for minor-value foreign assets

The Central Board of Direct Taxes (CBDT) notifies amendments to Form 10CCF to clarify income reporting for IFSC insurance offices.

CBDT Clarifies “Gross Income” for IFSC Insurance Units under Section 80LA

Voluntarily filing ITR can help students and job seekers in actively manage their financial future and can secure a stronger position for their future goals.

Why Students and Unemployed Should Start Filing ITR: Know Hidden Benefits of Filing ITR, Even If You Don’t Earn

CBDT has increased the tax-free perquisite limits for salaried employees and overseas medical treatment. Know how these increments have benefited salaried employees.

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High Court Declines Writ in Rs 18.55 Cr Fake ITC Case: Petitioner Directed to File Appeal under Section 107

Return Treated as Defective? What Should Taxpayers Do?

Black Money Act: No penalty/ prosecution for minor-value foreign assets

CBDT Clarifies “Gross Income” for IFSC Insurance Units under Section 80LA

Why Students and Unemployed Should Start Filing ITR: Know Hidden Benefits of Filing ITR, Even If You Don’t Earn

Good News! Tax-Free Perquisite Limits for Salaried Employees Substantially Increased