by Jagdeep Garhwal | Aug 18, 2026 | Income Tax
India’s tax landscape keeps evolving, and 2026 has brought another major update. The Taxation and Other Laws (Amendment) Act 2026 reshapes several rules under the country’s tax framework. Why Was This Act Introduced? The story begins with the...
by Jagdeep Garhwal | Aug 15, 2026 | Income Tax
The government has rolled out a fresh relief measure for taxpayers with foreign holdings. The Central Board of Direct Taxes (CBDT) has notified the Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026. This scheme gives small taxpayers a one-time chance...
by Jagdeep Garhwal | Aug 14, 2026 | Income Tax
Taxpayers often worry when builders delay a flat’s handover. However, a recent ITAT ruling brings welcome relief. The Tribunal confirmed that genuine delays outside a buyer’s control should not block a rightful tax deduction. What Section 54 Actually...
by Jagdeep Garhwal | Aug 13, 2026 | General, Income Tax
The National Company Law Tribunal (NCLT) has rejected a massive tax claim. The Chandigarh Bench refused to condone a delay of 1,305 days. As a result, the Income Tax Department’s ₹975.56 crore claim now stands dismissed. This ruling reinforces a key principle of...
by Jagdeep Garhwal | Jul 31, 2026 | Income Tax
The Central Board of Direct Taxes (CBDT) has rolled out a new tax return form. It is called ITR-BN. This form applies to taxpayers facing block assessment proceedings. These proceedings arise from search and seizure actions. Consequently, taxpayers under...
by Jagdeep Garhwal | Jul 25, 2026 | Income Tax
Losing a parent brings emotional strain, and paperwork often adds to it. Filing their final income tax return is one such task. Fortunately, the process follows clear steps, and a legal heir can complete it smoothly. Who Can File the Return Under Section 159 of the...
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