Articles

A comprehensive guide to the capital gains tax implications of asset transfers between partners and partnership firms under Sections 45(3), 9B, and 45(4), along with ITR reporting requirements for AY 2026-27.

Capital Gains on Transfer of Assets between Partners and Firms

June 30 is a crucial deadline for taxpayers, as it marks the last date for the Income Tax Department to issue scrutiny notices under Section 143(2) for verifying filed ITRs and reported financial details.

ITR Filed Already? Know Why June 30 Can Be a Crucial Date for You

Three key factors suggest the Income Tax Department is unlikely to grant any further extension for ITR filing in AY 2026-27.

No Last-Minute Relief? Why Taxpayers Shouldn't Expect an ITR Deadline Extension For AY 2026-27

A complete guide to the Section 87A rebate for AY 2026-27, covering eligibility, tax-free income limits, marginal relief, special income rules, and practical tax-saving examples.

Section 87A Rebate Explained: How to Pay Zero Tax up to Rs 12 Lakh Income in AY 2026-27

Judgement

The ITAT Hyderabad has upheld an addition of Rs 3.75 crore made on account of unexplained excess gold stock found during survey proceedings.

ITAT Upholds Rs 3.75 Crore Addition on Excess Gold Stock And Rejects Post Survey Gold Deposit Agreements

The ITAT deletes Rs 8.01 lakh addition, ruling that cash deposits explained as genuine rental income cannot be treated as unexplained without contrary evidence or proper inquiry by the tax department.

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Capital Gains on Transfer of Assets between Partners and Firms

ITR Filed Already? Know Why June 30 Can Be a Crucial Date for You

No Last-Minute Relief? Why Taxpayers Shouldn't Expect an ITR Deadline Extension For AY 2026-27

Section 87A Rebate Explained: How to Pay Zero Tax up to Rs 12 Lakh Income in AY 2026-27

ITAT Upholds Rs 3.75 Crore Addition on Excess Gold Stock And Rejects Post Survey Gold Deposit Agreements

ITAT Deletes Rs 8.01 Lakh Addition on Cash Deposits, Accepts Rental Income Explanation