by admin | Mar 16, 2026 | Income Tax
A Comprehensive Guide for Property Buyers and Tax Professionals in India 1. Introduction When you buy or sell immovable property in India valued above Rs. 50 lakhs, Tax Deducted at Source (TDS) comes into play under Section 194-IA of the Income Tax Act, 1961....
by admin | Mar 14, 2026 | Income Tax
Important security alert for ITR filers Issued in public interest — Income Tax Department, India What is happening Fraudsters are sending fake SMS, WhatsApp messages, and emails impersonating the Income Tax Department. These messages falsely claim you have a pending...
by admin | Mar 6, 2026 | Income Tax
TAX & FINANCE INTELLIGENCE · INDIA · MARCH 2026 India’s Central Board of Direct Taxes has overhauled its reporting framework, mandating granular disclosure of virtual digital asset activity — marking a decisive shift toward crypto accountability in the...
by admin | Mar 6, 2026 | General, Income Tax
📋 Tax Law Update · India A Complete Guide for Parents & Guardians Effective 1 April 2026 India’s tax landscape is undergoing its most sweeping transformation in six decades. The Income Tax (No. 2) Bill, 2025 has received parliamentary approval and...
by admin | Feb 23, 2026 | Income Tax
February is an important month for tax compliance, especially for businesses, professionals, deductors, and GST-registered taxpayers. Timely adherence to statutory deadlines helps avoid interest, penalties, and late fees under the Income-tax Act, 1961 and Central...
by admin | Feb 23, 2026 | Income Tax
CASE: Niripraj Singh Sohal vs ITO (ITAT Delhi) In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, in the case of Niripraj Singh Sohal Vs ITO, held that while computing penalty for concealment of income, the “tax sought to be evaded” must...
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