News

On July 14 2025, the Income Tax Department carried out a coordinated operation in Rajasthan, including Bhilwara, that involved multiple raids

Fake Chartered Accountant exposed in Major Crackdown by Income Tax Department

Judgement

UK-based Tungsten Automation challenges Indian tax on Genpact payments, questioning FTS classification under the India-UK DTAA.

DTAA: Merely Imparting Training Does Not Necessarily Satisfy Make Available, ITAT

The ITAT gave direction to the AO to allow the benefit of exemption under Article 15(1) of the DTAA between India and China

Salary Earned in China by Chinese Tax Resident Not Taxable in India Merely Due to Remittance: ITAT

Articles

In a significant move, many taxpayers who filed an Updated Income Tax Return (ITR-U) in previous years woke up to emails from the Income Tax Department informing them about a change in the rectification process.

ITR-U Rectification Rights Transferred to AOs: What Taxpayers Need to Know

Notifications

The Ministry of Finance has issued a customs notification revising tariff values for edible oils, brass scrap, areca nut, gold, and silver, effective July 16, 2025.

Custom Notification: Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold, and Silver

IIFL Capital Services has recently informed the stock exchanges that it has been penalised by the NSE on July 15, 2025

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Fake Chartered Accountant exposed in Major Crackdown by Income Tax Department

DTAA: Merely Imparting Training Does Not Necessarily Satisfy Make Available, ITAT

Salary Earned in China by Chinese Tax Resident Not Taxable in India Merely Due to Remittance: ITAT

ITR-U Rectification Rights Transferred to AOs: What Taxpayers Need to Know

Custom Notification: Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold, and Silver

NSE Imposes Penalty on IIFL Capital Services Over Operational Margin Reporting Issue