Articles

CBDT plans to implement a new direct tax law from April 1, 2026, replacing six-decade-old Income Tax Act to simplify taxation.

CBDT to Roll Out New Direct Tax Law from April 1, 2026

Section 139(8A) allows correction of past tax filings, but only if additional tax is paid

PPF, SCSS and Sukanya Samriddhi continue to offer strong post-tax returns compared to bank deposits

Grievance closure does not guarantee refund as statutory timelines allow processing till December 2026

Tribunal deletes Rs.32.04 cr unexplained cash credit u/s 68 where identity/creditworthiness proved and procedural fairness violated.

Reference to DVO for FMV of property cannot extend limitation under Section 153(1)