Budget 2026: ITR Due Dates Revised for All Taxpayer Categories
The Union Budget for the Financial Year 2026–27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February...
![Gold Bar with Foreign Marking liable for Absolute Confiscation If Source not Explained: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Gold-Bar-Foreign-Marking-liable-Confiscation-CESTAT-taxscan.jpeg "Gold Bar with Foreign Marking liable for Absolute Confiscation If Source not Explained: CESTAT [Read Order]")
![Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Crores Penny Stock Scam [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Vivad-Se-Vishwas-Scheme-Calcutta-hc-Appeals-Revenue-Penny-Stock-Scam-taxscan.jpeg "Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Crores Penny Stock Scam [Read Order]")
![Income Tax: CBDT Circular doesn’t empower Assessing Officer to take Advantage of Assessees’ Ignorance and collect More Tax, rules Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-CBDT-Circular-Assessing-Officer-Assessees-Ignorance-Tax-Karnataka-High-Court-Taxscan.jpg "Income Tax: CBDT Circular doesn’t empower Assessing Officer to take Advantage of Assessees’ Ignorance and collect More Tax, rules Karnataka High Court [Read Judgment]")
Income Tax Department is back after 3 months, to connect with Assessees facing probe [Read Letter]
The Income Tax Department, after a gap of three months, will once again start sending communications to assessees facing investigation or proceedings under the Income Tax Act, black money, or Benami...
![Income Tax Department is back after 3 months, to connect with Assessees facing probe [Read Letter]](https://www.taxscan.in/wp-content/uploads/2020/08/Income-Tax-Department-Assessees-Taxscan.jpg "Income Tax Department is back after 3 months, to connect with Assessees facing probe [Read Letter]")
No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]
In a Relief to General Motors Overseas Corporation, the Income Tax Appellate Tribunal (ITAT) reaffirmed that no interest is leviable on the assessees under Section 234B of the Income Tax Act, even on...
![No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-13-5.jpg "No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]")
Madras HC says GST is in Nascent Stage, Taxpayers are Still Learning the Ropes, allows TRAN-1 Filing [Read Order]
The Madras High Court took into account the difficulties faced by taxpayers due to inconsistent performance of the GST portal and allowed delayed upload of the Tran-1 declaration. The court shared...
![Madras HC says GST is in Nascent Stage, Taxpayers are Still Learning the Ropes, allows TRAN-1 Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/GST-Taxpayers-Taxscan.jpg "Madras HC says GST is in Nascent Stage, Taxpayers are Still Learning the Ropes, allows TRAN-1 Filing [Read Order]")
Presumptive Taxation Scheme: Govt. exempts small businesses entites from Audit for Turnover up to Rs.2Cr
The Finance Ministry said small businesses with a total turnover of up to Rs 2 crore will not be required to get their accounts audited if they opt for the presumptive taxation scheme. "The higher...
