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Missed your ITR filing deadline? Learn the penalties, late fees, interest, loss of tax benefits, and the options still available under the Income Tax Act for AY 2026-27.

Missed Your ITR Due Date? Here's What Happens Next

Bulandshahr Police arrested a wanted man carrying a Rs 25,000 reward and six associates in an alleged Rs 1.22 crore GST evasion case involving fake firms and bogus manpower supply bills.

Man Carrying Rs 25,000 Reward Arrested in Rs 1.22 Crore GST Evasion Case Involving Fake Firms in Bulandshahr

The RBI has imposed six-month restrictions on Puducherry Co-operative Urban Bank, including a Rs 5,000 cash withdrawal limit, amid financial concerns.

RBI Imposes Restrictions on Puducherry Co-operative Urban Bank for Six Months, Caps Cash Withdrawals at Rs 5,000

Star Paper Mills faces a Rs 1.55 crore GST demand for FY24 over input tax credit on fire-damaged raw materials and other tax issues, and plans to challenge the order through an appeal.

Star Paper Mills to Challenge Rs 1.55 Crore GST Demand Order Over Disallowance of Input Tax Credit on Raw Materials Destroyed in Fire

The ITAT Kolkata held assessment as invalid where mandatory scrutiny notice remains unserved and pecuniary jurisdiction is violated.

ITAT Quashes Assessment for Non-Service of Section 143(2) Notice 

The ICAI has opened the application window at observers.icaiexam.icai.org, for the Empanelment of members for the CA January 2027 Examinations, including the Advanced ICITSS Test.

ICAI Opens Application Window for Empanelment of Members to Act as Observer at CA January 2027 Exams

The ITAT Kolkata holds that Ad Hoc disallowance cannot be sustained without identifying defects in audited books.

ITAT Deletes Expense Disallowance Based on Mere Suspicion

Learn how preliminary expenses are taxed under Section 35D of the Income Tax Act, including eligibility, deduction limits, and compliance requirements.

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Learn how Joint Development Agreements (JDA) are taxed under the Income Tax Act, including capital gains computation, Section 45(5A), and TDS under Section 194-IC.

Taxation of Joint Development Agreements (JDA): Everything Landowners Need to Know

Received a Section 139(9) notice after filing your ITR? Understand why it was issued, how to fix the defect, and how to avoid your return being treated as invalid.

Section 139(9) Defective Return Notice: Complete Guide to Fixing Your ITR

A practical guide to claiming depreciation on business assets under Section 32 of the Income Tax Act, 1961.

Section 32 of the Income Tax Act, 1961: Depreciation on Business Assets

Income Tax

Finance

ICAI

Judgement

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

Maharashtra government clarifies that a co-owner can register the sale of their share in jointly owned 7/12 land without other co-owners’ NOC if the prescribed ‘KA’ measurement record is attached.

Maharashtra Govt Eases Registration of Jointly Owned Land Sales, ‘KA’ Copy Can Replace Co-Owners’ NOC

Rajasthan Police warns citizens against WhatsApp hacking scams involving fake QR codes, OTP fraud and suspicious links, urging users to secure their accounts and report cybercrime immediately.

Rajasthan Police Warns of WhatsApp Account Hacking Scams, Urges People to Beware of Fake QR Codes and OTP Fraud

The ITAT deleted Section 69C addition after finding that the AO failed to provide evidence of alleged cash purchases and noting that the assessee’s presumptive income under Section 44AD had been accepted.

Missed Your ITR Due Date? Here's What Happens Next:

Missed Your ITR Due Date? Here's What Happens Next

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