CBDT notifications, ITAT rulings, reassessment developments, ITA 2025 transition updates, and practical implications for your ITR filing — every week.
CBDT notifies ITR-BN, a dedicated block-assessment return for search and requisition cases under the Income-tax Act, 2025, effective retrospectively from 1 April 2026.
CBDT Notifies ITR-BN: New Block Assessment Return for Search & Requisition Cases Read Post »
Which bank deposits, property deals and card payments get reported to the Income-tax Department under Rule 114E — thresholds, penalties, and what to do about AIS mismatches.
A REIT or InvIT payout can bundle interest, dividend, rental income and capital repayment in one distribution — each taxed differently. Here’s how to read your statement correctly, including two rules commonly stated backward.
Two rulings this week reshape how faceless assessment notices and TDS penalty proceedings should be handled: a mandatory 7-day SCN window, and a sharpened line between non-deduction and delayed deposit under Section 271C.
The common 31 July due date for all non-audit ITRs is gone. Under the Finance Act 2026, ITR-3 and ITR-4 (non-audit cases) now carry a separate, statutory 31 August due date.
The Central Board of Direct Taxes (CBDT) has notified new rules for the taxation of virtual digital assets, including cryptocurrencies and non-fungible tokens (NFTs).
CBDT Notifies New Rules for Taxation of Virtual Digital Assets Read Post »
When the Income-Tax Act, 2025 (ITA 2025) was passed by Parliament in February 2025, the tax community braced for a
Income Tax Act 2025: What Actually Changed From April 1, 2026 Read Post »
For decades, large corporates and their finance teams managed cash flow partly by stretching payment timelines to their smallest suppliers
Section 43B(h): Why Delaying Payments to MSMEs Is Now a Tax Problem Read Post »
Most taxpayers who receive an income tax assessment order assume that if additions are made to their income, a penalty
Section 271AAC: The 10% Penalty You Can Actually Avoid Read Post »
Priya owns a small electronics repair shop in Pune. Annual turnover: ₹82 lakhs. She has no accountant and no formal
Section 44AD: The Presumptive Tax Scheme That Can Save Small Businesses Thousands Read Post »