ITR-U cannot be filed once case have started, even if they are unrelated to the income disclosed in ITR-U, why Budget 2026 ...

The Tribunal held that mere facilitation of third-party payments to an associated enterprise does not constitute a service. As no value addition was involved, applying a markup on reimbursements was ...

India’s income tax system is set to witness one of the biggest reforms in decades. From April 1, the Income Tax Act, 2025 ...

The new Income Tax Act, 2025, replacing the six-decade old law, will be enforced from April 1. The revised legislation simplifies tax laws and reduces litigations.

The Court set aside a 3.5% TDS certificate after the PE finding relied upon by the Revenue was overturned by the ITAT. The earlier 1.5% rate was restored due to lack of legal ...

If an employee anticipates that their claims cannot be substantiated, they should consider filing an Updated Return (ITR-U) ...

Senior citizens can manage their Fixed Deposit interest income effectively. Banks deduct Tax Deducted at Source (TDS) on ...

The Delhi High Court has held that the subsequent or belated deposit of tax deducted at source (TDS) does not absolve an ...

An investment declaration is a provisional statement submitted by employees at the beginning of the financial year, outlining ...

Verify that salary income and TDS from all employers appear correctly in Form 26AS and AIS, as employers calculate tax ...

As Union Budget 2026 approaches, experts feel expectations are now shifting from headline tax cuts to meaningful reforms that would make the tax system easier to deal with. For many taxpayers, ...

Over 63 lakh income tax returns are still under processing in AY 2025–26, leaving many taxpayers waiting for refunds even ...