Direct Tax
CBDT Notifies April 30, 2025 as Deadline Under Vivad se Vishwas Scheme 2024
In a significant update under the Direct Tax Vivad se Vishwas Scheme, 2024, the Central Board of Direct Taxes (CBDT), Ministry of Finance, has...
Bank Fraud: Madhya Pradesh Labourer Receives Rs. 314 Crore Income Tax Notice
In a startling case that has exposed alarming loopholes in financial monitoring and identity verification, a daily wage labourer from Multai in Madhya Pradesh’s...
Delhi High Court Quashes 2nd Reassessment Notice Issued Beyond 4 Years
The Delhi High Court has quashed the 2nd Assessment Notice which was issued beyond 4 years i.e. beyond the limitation period.
The bench of Justice...
Supreme Court Order On AY 2015-16 Post Rajeev Bansal Case
The Supreme Court comprising Justice B.V. Nagarathna and Justice Prasanna B. Varale has dismissed a Special Leave Petition (SLP) filed by the Income Tax...
ITR-2 Filing Process 2025-26
Filing your Income Tax Return (ITR) is a crucial annual responsibility for taxpayers in India. For the Assessment Year (AY) 2025-26, understanding the nuances...
Rs 37.87 Cr Tax Notice to Sirsa Barber: Loan App Linked to PAN Fraud
In a shocking case of suspected financial fraud, a barber from Sirsa has received a staggering ₹37.87 crore income tax notice, despite earning only...
TDS Rate Chart for FY 2025-26 AY 2026-27
Tax Deducted at Source (TDS) is a mechanism implemented by the Indian government to collect taxes at the source of income generation. Under this...
NRI Remittance Tax at Mere 5% Could Yield $10 Billion Annually
In a bold policy proposition that's bound to ignite debate, economists and policymakers are examining the potential of a modest 5% tax on Non-Resident...