Judgement

ITAT ruled that mentioning cultural or spiritual events like Navratri does not make a trust religious, and cannot be the sole ground to deny Section 80G approval.

Sec 80G Approval: Mere Reference to Religious Events Does Not Make Trust as Substantially Religious in Nature

News

The Income Tax Department has taken strict action against the inoperative PAN Cards. The department has imposed a massive penalty on individuals using inactive PAN.

Income Tax Department imposes massive penalty for using inactive PAN

Himachal Pradesh HC ruled that the Assessing Officer cannot send a notice under Section 148 of the Income Tax Act, 1961, without giving valid reasons.

Notice U/S 148 Invalid Without Delivering Proper Justification: HP High Court 

Articles

Cost Inflation Index (CII) is yet to be announced for the Financial Year 2025-26, capital gains taxpayers await for the index.

What is CII For FY 2025-26: Why we need it for Income Tax Calculation

ITAT has allowed book rejection due to no stock register but remands commission estimation for verification.

Absence of Stock Register As Per Form 3CB can be reason for Rejection of Books?

After focusing on the wealthy citizens last year, the government of China is now widening its focus on the less wealthy individuals, too.

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Sec 80G Approval: Mere Reference to Religious Events Does Not Make Trust as Substantially Religious in Nature

Income Tax Department imposes massive penalty for using inactive PAN

Notice U/S 148 Invalid Without Delivering Proper Justification: HP High Court

What is CII For FY 2025-26: Why we need it for Income Tax Calculation

Absence of Stock Register As Per Form 3CB can be reason for Rejection of Books?

China Expands Foreign Income Tax Scrutiny to Less Wealthy Individuals