News

The IT Department is sending notices to salaried individuals who have claimed HRA but have not deducted TDS on rent payments in the past financial year.

Income Tax Department Issues Notices to Taxpayers Claiming HRA without Deducting TDS

ASK Asset and Wealth Management Group received an In-Principle Approval (IPA) from SEBI to start its mutual fund business on Friday, March 28, 2025.

ASK Asset gets approval from SEBI for Mutual Fund Business

Articles

The Bombay High Court reprimanded the tax department for using an AI-generated order to deny the assessee's claims without providing explanations.

HC expresses Concern Regarding Tax Department's Use of AI to Issue an Order against Assessee

Circulars

CBDT has notified that interest charges is to be waived in cases where TDS or TCS payments were delayed due to technical glitches on the portal.

Relief for Taxpayers: CBDT Waived Interest on TDS/TCS Payments Delayed Due to Technical Glitches [Read Circular]

An egg seller in Madhya Pradesh and a juice vendor in Uttar Pradesh have received a GST notice and an Income tax notice from their respective departments.

Egg Seller and Juice Vendor received Tax Notices of Worth Crores

Notifications

CBDT has amended the Income tax Rules to provide for Safe Harbour Rules under Section 92CB for AY 2025-26.

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Income Tax Department Issues Notices to Taxpayers Claiming HRA without Deducting TDS

ASK Asset gets approval from SEBI for Mutual Fund Business

HC expresses Concern Regarding Tax Department's Use of AI to Issue an Order against Assessee

Relief for Taxpayers: CBDT Waived Interest on TDS/TCS Payments Delayed Due to Technical Glitches [Read Circular]

Egg Seller and Juice Vendor received Tax Notices of Worth Crores

CBDT amends Income Tax Rules to provide for Safe Harbour Rules under Section 92CB for AY 2025-26