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Vedanta’s Bharat Aluminium Company Hit with ₹1.03 Crore Income Tax Penalty

Kavi Priya

Vedanta Limited has announced that its subsidiary Bharat Aluminium Company Limited (BALCO) has received an income tax penalty order amounting to...

Common reasons for ITR-V rejection and How to Re-file

Income Tax Filing: ITR-3 & ITR-4 Updated Return Filing Window Opens for Two AYs

ITR Filing 2025: ICAI releases Checklist for Preparation of ITR-1 and ITR-4 [Read Checklist]

Delay in Filing Service Tax Appeal Due to Tax Officer’s Failure to Reissue Login Credentials in...

Unfinalised Income Tax Reassessment not a Ground to Deny DTVSV Scheme Benefits: Kerala HC [Read Order]

The Kerala High Court has held that the mere initiation of reassessment proceedings, which remain unfinalized, cannot be a ground to deny an assessee the benefits available under the Direct Tax...

Holding Foreign Investments or Bank Accounts? Must Know Income Tax Compliance for NRI Students

If you are an Indian student studying abroad, you might be dealing with money matters like opening a bank account in your new country or investing some savings in stocks or funds there. As a...

Income Tax Dept Releases Updated Excel-Based Utility for ITR-5 Filing

The Income Tax Department has released the first version of the Utility Excel-Based tool for ITR-5, designed for entities other than individuals, Hindu Undivided Families (HUFs), companies, and...

Digital Marketing Business Carried Out via Computers cannot be Treated as Profession, is a 'Business': Madras HC Restores Audit Exemption u/s 44AB(a) [Read Order]

The court clearly clarified that digital marketing is the business for persons who carry out the said activities.Merely because digital marketing carried on the business through computers, it cannot...

Income Tax Dept Cannot Issue Notice in Name of Deceased When Earlier Court Order Recognised Legal Heir: Calcutta HC [Read Order]

In a recent decision, the Calcutta High Court held that the Income Tax Department cannot issue a notice in the name of a deceased person when the legal heir has already come forward and been ...

ITR Refund Pending even a Month After Filing Return? Here’s Why and How to Check Processing Status

Why track your ITR status? Your ITR status shows you exactly where your income-tax return stands in the processing workflow. After filing, you can follow its progress anytime on the Income Tax...

ITAT Scraps Rs. 14.2 Crore 'On-Money' Tax Demand: No Evidence Found Against Real Estate Firm [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench, has quashed a ₹14.2 crore tax demand against a real estate firm, ruling that the income tax department failed to provide concrete evidence to...

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