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...
by admin | Feb 21, 2026 | Income Tax
Section-wise summary of the key TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) provisions in the New Income Tax Act, 2025 (effective mainly from 1 April 2025 / AY 2026-27). The updated Act aims to simplify, consolidate, and rationalise TDS/TCS rules...
by admin | Feb 20, 2026 | General, Income Tax
The Central Board of Direct Taxes (CBDT) has introduced a procedural change in the DITR (Draft Income-tax Rules), 2026 that significantly affects salaried taxpayers claiming House Rent Allowance (HRA) exemptions. This change is part of the Income-tax Act, 2025...
by admin | Feb 13, 2026 | Income Tax
In a significant legal ruling, Indian courts have been directed to inform the Income Tax Department whenever a civil suit involves claims of substantial cash transactions, but judges cannot compel litigants to disclose their PAN numbers to opposing parties. Chennai,...
by admin | Feb 11, 2026 | Income Tax
The Draft Income Tax Rules, 2026 introduce significant amendments to the manner in which employee perquisites are valued for taxation purposes. These changes aim to modernise the valuation framework, enhance transparency, reduce ambiguities, and align tax treatment...
Recent Comments