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Service Tax Demand Based on CBDT Inputs & ITR Data Without Proper Hearing: Karnataka HC Remands Matter [Read Order]

The High Court of Karnataka at Bengaluru held that since the service tax was charged based on Central Board of Direct Taxes (CBDT) inputs and income...

Big update from FM: Taxpayers Can Now Update ITR Post Reassessment Proceedings

MP Suggests Joint Tax Filing for Married Couples: “One Family, But Tax Treats Them Differently”...

Due to Improper Investigation, Details of Service not Rendered: CESTAT Allows Appeal as 50% Service...

Reassessment Beyond 4 Years Without New Material Invalid: ITAT Quashes ₹3.40 Cr S. 80IB(10)...

Revised ITR Filing to Be Allowed from Dec 31 to March 31 with Nominal Fee: FM in Budget 2026

The Union Budget for the financial year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Sunday, February 1, 2026. Providing relief to taxpayers and...

Income Tax Filings Jump to Rs. 9.2 Crore; Non-Corporate Tax Collections Surge

According to the Economic Survey 2025-26 presented by the Ministry of Finance, India has seen a sharp rise in income tax filings and non-corporate tax collections, showing a wider tax base and...

Income Tax Dept Addresses Concerns Over Recent AIS Mismatch Advisory

On December 18, the Income Tax Department issued a clarification regarding emails and messages sent to taxpayers about differences between their Income Tax Returns (ITR) and information available in...

CBDT Targets Bogus Deduction claims, Selected Taxpayers to get SMS and E-mails

The Central Board of Direct Taxes ( CBDT ) has begun up its checks on fake donation claims made to political parties and charitable trusts after finding widespread misuse of tax deduction...

Civil, Plumbing & Electrical Charges Paid by Senior Citizen to Builder are Genuine Cost of Acquisition: ITAT Allows ₹11.35L Income Tax Deduction

The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) recently held that civil, plumbing and electrical charges paid directly to the builder form part of the genuine cost of acquisition...

Chartered Accountants body Seeks Uniform Relief for Taxpayers Filing Form 3CEB u/s 92E of Income Tax Act [Read Circular]

The Karnataka State Chartered Accountants Association (KSCAA) has written to the Central Board of Direct Taxes (CBDT) explaining an anomaly in the recently issued Circular No. 15/2025 and the Press ...

Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]

The Bangalore Bench of Customs,Excise and Service Tax Appellate Tribunal ( CESTAT ) upheld service tax demand after finding a clear mismatch between Income Tax and ST-3 returns for FY 2014-15, ...