Articles

Goods and Services Tax (GST) officers have discovered fake Input Tax Credit (ITC) claims of Rs. 15,851 crore in the April-June quarter of the current fiscal year.

GST Officers Detect Rs 15,851 Crore Fake ITC Claim

News

Around 40,000 taxpayers have revised their ITRs, withdrawing fake claims worth Rs. 1,045 crore after an AI-driven crackdown by the Income Tax Department.

Income Tax Fake Deductions: 40K Taxpayers Revised ITR to Withdraw Bogus claims of Rs 1045 Cr

The Income Tax Department has released the Income Tax Return (ITR) utility new codes under "Nature of Business/Profession" to improve developing sectors and activities.

ITR-3 Utility Updated: New codes added Under "Nature of Business/Profession"

ICAI has issued Memorandum of Suggestions on Income Tax Bill 2025, offering constructive feedback, proposed changes, and recommendations on the draft bill.

ICAI Releases Memorandum of Suggestions on Income Tax Bill 2025

Judgement

High Court allows GST appeal after acknowledging pre-deposit; challenges Form 26AS-based assessment and Order-in-Original.

GST: High Court Allows Appeal Against Form 26AS Based Assessment, Recognises Pre-Deposit Made During Writ Proceedings

The court quashed the order dated 19.01.2017 and allowed the widow to file the ITR for AY 2014-15 in the name of her late husband as legal representative

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GST Officers Detect Rs 15,851 Crore Fake ITC Claim

Income Tax Fake Deductions: 40K Taxpayers Revised ITR to Withdraw Bogus claims of Rs 1045 Cr

ITR-3 Utility Updated: New codes added Under "Nature of Business/Profession"

ICAI Releases Memorandum of Suggestions on Income Tax Bill 2025

GST: High Court Allows Appeal Against Form 26AS Based Assessment, Recognises Pre-Deposit Made During Writ Proceedings

Income Tax: High Court Upholds Justice for Widow in Dispute Arising from Procedural Error in ITR Filing of Deceased Husband