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Interest on Excess ITR Refunds u/s Section 234D Applies to Refunds issued before June 1, 2003: Bombay HC [Read Order]

The Bombay High Court has ruled that interest under Section 234D of the Income TaxAct, 1961 can be levied on excess refunds which was granted before 1 June 2003. The provision applies...

Interest on Excess ITR Refunds u/s Section 234D Applies to Refunds issued before June 1, 2003: Bombay HC [Read Order]
Navasree A.M

Reassessment on Unexplained Cash Deposits Linked to Coconut Business Remanded After delay in ITR Filing: ITAT Condones 311‑Day Delay [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Chennai Bench ‘A’, condoned a 311‑day delay in filing an appeal and remanded a reassessment matter concerning unexplained cash deposits...

Reassessment on Unexplained Cash Deposits Linked to Coconut Business Remanded After delay in ITR Filing: ITAT Condones 311‑Day Delay [Read Order]
Gopika V

ITR Forms Guide: Access Income Tax Department’s Guide here

The Income Tax Department has issued a guide with regards to the Income tax Returns ( ITR ) forms under the new Income Tax Act, 2025 which comes into force from 1 April 2026. As part of the...

ITR Forms Guide: Access Income Tax Department’s Guide here
Navasree A.M

ITR Filed Prior to Death Proves Earning Capacity; Deducting 50% for Personal Expenses Erroneous: Calcutta HC Directs Bajaj Allianz General to Pay Enhanced Compensation [Read Order]

The Calcutta High Court directed the BajajAllianz General insurances to pay enhanced compensation of Rs. 32.65 Lakh awarded to the dependents of a road accident victim, ruling that Income Tax...

ITR Filed Prior to Death Proves Earning Capacity; Deducting 50% for Personal Expenses Erroneous: Calcutta HC Directs Bajaj Allianz General to Pay Enhanced Compensation [Read Order]
Yogitha S. Yogesh

ITR Filing Checklist for Domestic Companies in India: AY 2026–27

For Assessment Year (AY) 2026‑27, the Income Tax Department has outlined specific forms, tax slabs, and deductions applicable to companies. As per Section 2(22A) of the Income Tax Act, 1961, a...

ITR Filing Checklist for Domestic Companies in India: AY 2026–27
Gopika V

Old Vs New Tax Regime: Which Deductions are Available to Business & Professional Taxpayers for AY 2026-27

For AY 2026-27, individuals having business or professional income must choose between the old tax regime and the new tax regime with care. The new tax regime is the default, but the old regime still...

Old Vs New Tax Regime: Which Deductions are Available to Business & Professional Taxpayers for AY 2026-27
Kavi Priya

How to Report Capital Gains in ITR for Salaried Employees [2026 Edition]

For AY 2026-27, salaried employees should pay extra attention while selecting the correct ITR form and reporting capital gains details properly. A wrong ITR form or incomplete reporting can create...

How to Report Capital Gains in ITR for Salaried Employees [2026 Edition]
Kavi Priya

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