Articles

Everything you need to know about TDS, tax rates, and ITR forms for online gaming income in FY 2025.

Taxation of Online Gaming Income in FY 2025: ITR Rules and New Regulations

Judgement

ITAT deletes ad-hoc disallowance of Rs. 8,73,10,314 and allows deduction of revenue expenditure claimed under Section 37 in line with AS-7 and ICAI Guidance Note.

ITAT Allows Deduction of Rs 8.7 Cr Revenue Expenditure Disallowed on Ad-hoc Basis

The Delhi High Court refuses to entertain a writ in the Rs. 18.55 Cr fake ITC case, directs the petitioner to seek a remedy through the GST appeal process.

High Court Declines Writ in Rs 18.55 Cr Fake ITC Case: Petitioner Directed to File Appeal under Section 107

When the income tax department finds any defects in your ITR, it marks the return as defective under section 139(9) of the Income Tax Act, 1961.

Return Treated as Defective? What Should Taxpayers Do?

Notifications

CBDT updates prosecution guidelines under the Black Money Act, 2015, exempting non-immovable foreign assets up to Rs. 20 lakh from penalties and prosecution.

Black Money Act: No penalty/ prosecution for minor-value foreign assets

The Central Board of Direct Taxes (CBDT) notifies amendments to Form 10CCF to clarify income reporting for IFSC insurance offices.

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Taxation of Online Gaming Income in FY 2025: ITR Rules and New Regulations

ITAT Allows Deduction of Rs 8.7 Cr Revenue Expenditure Disallowed on Ad-hoc Basis

High Court Declines Writ in Rs 18.55 Cr Fake ITC Case: Petitioner Directed to File Appeal under Section 107

Return Treated as Defective? What Should Taxpayers Do?

Black Money Act: No penalty/ prosecution for minor-value foreign assets

CBDT Clarifies “Gross Income” for IFSC Insurance Units under Section 80LA