Articles

Know the significant changes introduced by income tax department on the e-filing portal for August 2025.

ITR Filing 2025: Important Changes on Income Tax Portal in August 2025

Judgement

High Court dismisses appeal on deemed dividend u/s 2(22)(e): business-advance exception denied as funds were used to pay KVSS tax

High Court Upholds Deemed Dividend u/s 2(22)(e) on Advance Used to Pay KVSS Taxes; Repayment in Same Year Irrelevant

ITAT upholds addition of 11.97 lakh LTCG as bogus under Sec 68, citing penny stock scam indicators and human probabilities.

ITAT Confirms Penny Stock LTCG as Bogus: Rs. 11.97 Lakh Added under Section 68

News

Taxpayers can now file updated returns (ITR-U) for AY 2021-22 to 2024-25 using the newly released utilities for ITR-3 and ITR-4.

Income Tax Portal Update 2025: ITR-3 and ITR-4 Updated Returns Now Live

Tribunal rules S. 143(1)(a) adjustment invalid where CPC failed to issue mandatory intimation before restricting leave encashment exemption.

ITAT Quashes Rs 6 Lakh Leave Encashment Disallowance for Sec 143(1)(a) Intimation Lapse

Understanding the taxability of the EPF involves knowing the limits on contributions, interest, and withdrawals, with specific exceptions for excess amounts and early withdrawals.

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ITR Filing 2025: Important Changes on Income Tax Portal in August 2025

High Court Upholds Deemed Dividend u/s 2(22)(e) on Advance Used to Pay KVSS Taxes; Repayment in Same Year Irrelevant

ITAT Confirms Penny Stock LTCG as Bogus: Rs. 11.97 Lakh Added under Section 68

Income Tax Portal Update 2025: ITR-3 and ITR-4 Updated Returns Now Live

ITAT Quashes Rs 6 Lakh Leave Encashment Disallowance for Sec 143(1)(a) Intimation Lapse

Understanding Provident Fund: Taxability, Exemptions, and Key Considerations