Articles

Taxpayers with zero tax liability face Rs. 5,000 late fee due to outdated Section 234F rules. Experts say it is high time for the government to update Section 234F.

Rs 5000 Fine for Zero Tax? Section 234F Desperately Needs a Fix

ICAI Requested CBDT to give relaxation for delayed advance payments as the delay was due to technical issues, not the taxpayers' fault.

ICAI Requests Relief on Advance Tax Interest Due to Portal Glitches

India’s Direct Tax performance shows steady growth in FY 2025-26, with corporate advance tax up 6.11% and overall net collections crossing Rs. 10.82 lakh crore by Sept 17

Direct Tax Collections Cross Rs 10.8 Lakh Crore: Income Tax Dept. Shares FY 2025-26 Data

Judgement

ITAT holds Section 14A inapplicable absent exempt income and sustains depreciation on slump sale assets once already allowed

ITAT: No 14A Disallowance Without Exempt Income; Depreciation on Slump Sale Assets Allowed

Officials warn that influencers misreporting income under presumptive rules could face stricter investigations.

Content Creators Under Scrutiny for Misusing Presumptive Income Rules

AICAS has urged Finance Minister Nirmala Sitharaman to extend the due dates for filing Tax Audit Reports, ITRs, and MCA filings for AY 2025-26.

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Rs 5000 Fine for Zero Tax? Section 234F Desperately Needs a Fix

ICAI Requests Relief on Advance Tax Interest Due to Portal Glitches

Direct Tax Collections Cross Rs 10.8 Lakh Crore: Income Tax Dept. Shares FY 2025-26 Data

ITAT: No 14A Disallowance Without Exempt Income; Depreciation on Slump Sale Assets Allowed

Content Creators Under Scrutiny for Misusing Presumptive Income Rules

AICAS Submits Representation Urging the Extension of Due Dates for Tax Audit Reports, ITR and MCA Filings