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Income Tax Authorities

TDS Refund cannot be Indefinitely Delayed after Success in Appeal: Jharkhand HC Orders Time-Bound Action by Income Tax Authorities [Read Order]

The Jharkhand High Court has held that refund of TDS ( Tax deduction at Source) cannot be indefinitely delayed once an assessee succeeds in appeal....

‘Misprint in TAXMANN Income Tax Bare Act’: Bombay HC Condones 509-Day Delay in Filing Form 9A, says...

Disallowance of Weighted R&D Deduction u/s 35(2AB): ITAT Holds Non-Filing of Form 3CL Not Fatal...

Proceedings Must Comply with Faceless Reassessment Procedure under Amended IT Act: Bombay HC Stays...

S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP...

Why Smart Taxpayers File Early and Why You should Do it too

Quick Refund One of the early tax filing advantages is that you will receive any tax refund that you may be entitled to, sooner. Most income tax authorities will process returns based on...

Updated Income Tax Bill tabled at Lok Sabha: No Changes to "Accountant" Definition [Read Bill]

Finance Minister Nirmala Sitharaman today introduced the Income-tax (No. 2) Bill, 2025 in the Lok Sabha, replacing the earlier February draft that the government withdrew last week. The revised...

Cracking the ICAI Tax Papers: Your Preparation Guide for 2025

The Institute of Chartered Accountants of India (ICAI) is a statutory body responsible for regulating the profession of Chartered Accountancy (CA) in India. It offers the CA qualification through a...

Income Tax Authorities Must Consider Genuine Extension Requests: Madras HC Sets aside Order Passed Without Hearing [Read Order]

The Madras High Court has set aside an income tax assessment order passed by the Tax Authorities after finding that the assessee’s genuine request for additional time to file a reply was not...

Supreme Court Directs Courts & SRO to report Suits / Deeds of Cash Transaction Above ₹2 Lakh to Income Tax Authorities [Read Order]

The Supreme Court ordered courts and registration authorities to notify the Income Tax Department of any cash transactions above ₹2 lakhs, in a landmark decision intended to combat tax fraud and...

How to Track Your Credit History Using Your PAN Card Via CIBIL, Experian, Equifax, and Others

Your credit report plays an important role in your financial life. It provides a summary of your credit history, including loan and credit card payments, defaults, etc. Lenders and financial...

How to Track Your Credit History - Track Credit History - Credit History - PAN Card Via CIBIL - Equifax - PAN Card - taxscan

₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient Evidence [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down an addition of ₹278.67 crores imposed on former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy. The tribunal...