Articles

Cash dealings in India are regulated by different provisions in the Income Tax Act to help encourage a cashless economy and curb the circulation of black money

Cash Transactions that can land you in Income Tax Trouble

To keep an eye on large financial transactions made by taxpayers, the Income-tax Law has developed the SFT or Reportable Account. Know who is required to file it.

Understanding What is Statement of Financial Transaction (SFT), Who is Required to File

Judgement

ITAT grants Rs. 1.3 crore exemption under Section 54 to Smt. Tejal Kaushal Shah on sale of two houses used to purchase joint property, overruling AO’s objections.

ITAT Allows 1.3 Cr Capital Gain Exemption u/s 54 on Sale of 2 Houses to Buy Joint Property: Read to Know More

Section 133(6) gives authority to officers in the income tax department to ask for additional financial information or documents through notices from any person.

Received a Tax Notice U/S 133(6)? Here is What You Should Do

Public Notice

Smart Tips to File ITR 2025 Correctly and Save Tax

News

CBDT has released updated ITR-7 for AY 2025-26 with stricter reporting for charitable trusts, political parties, and research organisations.

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Cash Transactions that can land you in Income Tax Trouble

Understanding What is Statement of Financial Transaction (SFT), Who is Required to File

ITAT Allows 1.3 Cr Capital Gain Exemption u/s 54 on Sale of 2 Houses to Buy Joint Property: Read to Know More

Received a Tax Notice U/S 133(6)? Here is What You Should Do

Smart Tips to File ITR 2025 Correctly and Save Tax

Updated ITR-7 Form Released by CBDT for AY 2025-26: Disclosure Requirements Now Made Stricter