Income Tax Articles

Corporate Guarantee vs Negative Lien: Key Transfer Pricing Clarification by ITAT Delhi

Posted by Vivek Jalan 01 December 2025 125 Views

Understand why a negative lien is not a corporate guarantee and carries no transfer pricing implications, as clarified in the ITAT Delhi ruling in JOGPL Pvt Ltd.

IT Refund: Real-Time Tracking System Coming Soon?

Posted by Niyati 29 November 2025 5579 Views

Know about Budget 2026's proposal for real-time Income Tax refund tracking and what it means for taxpayers.

Income Tax Notices on the Rise: Top Triggers You Must Avoid in 2025

Posted by Poojitha Raam Vinay

28 November 2025 3758 Views

With digitisation, data-matching, and AI-driven analytics, the Indian Income Tax Department has become more vigilant than ever. As we move into 2025, the number...

Tax Relief - High Court Directs IT Department On GST Input Verification

Posted by CS Lalit Rajput 28 November 2025 1629 Views

Gujarat High Court rules that reassessment under Section 148A cannot rely solely on GST data. AOs must independently verify information, record prima facie belief, and follow due process before issuing notices.

Gujarat HC: Income Tax Dept Cannot Issue 148A Notices Solely on GST Dept Inputs

Posted by Vivek Jalan 27 November 2025 568 Views

High Courts warn the Income Tax Department against issuing 148A notices based solely on GST or Sales Tax Department data, stressing independent verification and inquiry.

Enhancing Tax Transparency on Foreign Assets & Income: A Concise Overview of CRS & FATCA

Posted by CA Jaydeep Babubhai Vadher 26 November 2025 149 Views

A clear guide to India's foreign asset reporting requirements under CRS and FATCA, explaining mandatory disclosures in Schedules FA, FSI and TR, key compliance rules, filing restrictions, currency conversion norms and penalties for non-reporting.

TDS Refund For AY 2025-26: Latest Update

Posted by Mitali 25 November 2025 2880 Views

Wondering why your TDS refund is delayed? Discover key CBDT updates, refund processing status, and tips for faster refund release in 2025.

Is Your International Payment Taxable? A Practical Guide to Separating Business Profits from Royalty and Technical Fee

Posted by CA. Bhavik P. Chudasama 25 November 2025 252 Views

A practical guide to distinguishing business profits, royalties, and technical fees in international payments. Understand how contracts, DTAA rules and Form 15CA/CB requirements shape taxability, compliance, and certification, complete with real examples and clarity on grey areas.

The Income Tax Act, 2025: A Modern Framework for a New Era

Posted by CA.Sangam Aggarwal 25 November 2025 1259 Views

The Income Tax Act, 2025 modernises India’s tax law with simplified structure, clearer definitions, digital reforms, and streamlined compliance effective from 1 April 2026.

Digitalization of Capital Gains Account Scheme (CGAS)

Posted by CA Umesh Sharma 25 November 2025 162 Views

Updated in 2025, the Capital Gains Account Scheme now offers digital deposits, more authorized banks, online closures, and clearer rules for LTCG exemptions.