Articles

New Income-tax Act, 2025 simplifies filing with clearer reporting, higher meal benefit exemptions, expanded HRA rules to improve transparency and compliance.

From Meal Cards to HRA: Major Updates in India’s New Tax Law

The notice was written in a very formal way and included the detailed rules, payment directions, and warnings about interest and penalties if the amount of Rs 3 was not paid on time.

Income Tax Department Sends Rs 3 Income Tax Demand Notice; Netizens Go Gaga on Social Media

Judgement

ITAT Ahmedabad granted partial relief to a small trader by replacing a full unexplained income addition with an 8% presumptive profit estimation on total turnover.

ITAT Grants Major Relief to Small Trader, Limits Tax Liability Using 8% Presumptive Income Rule

Circulars

The CBDT has extended the due date for issuing a TDS certificate for the 3rd Quarter (ending on December 31, 2025) to March 31, 2026.

CBDT Extends Due Date to Issue TDS Certificate for Third Quarter Till March 31

The ITAT held that a valid Section 153C satisfaction note must clearly establish a direct link between seized material and the determination of taxable income.

ITAT Delhi Quashes 153C Assessments Over Lack of ‘Bearing’ in Satisfaction Note

Supreme Court Refuses to Interfere; Key Issues on Reinsurance, Foreign Payments, MAT Applicability and Section 14A Decided in Favour of Assessee

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From Meal Cards to HRA: Major Updates in India’s New Tax Law

Income Tax Department Sends Rs 3 Income Tax Demand Notice; Netizens Go Gaga on Social Media

ITAT Grants Major Relief to Small Trader, Limits Tax Liability Using 8% Presumptive Income Rule

CBDT Extends Due Date to Issue TDS Certificate for Third Quarter Till March 31

ITAT Delhi Quashes 153C Assessments Over Lack of ‘Bearing’ in Satisfaction Note

SC Dismisses Income Tax Department's SLP against Cholamandalam MS General Insurance