Income Tax Articles
Expenditure on educational seminars by 'Charitable Institutions' related to the main object cannot be disallowed
Chintan Shivirs serve as platforms for knowledge exchange through seminars and conferences. Learn how such educational activities align with Section 11 tax exemptions, key Supreme Court rulings and the limits on commercial receipts.
Section 144C Time-Limit Finally Clarified: No More Litigation on Draft vs Final Assessment Deadlines
09 February 2026
1734 Views
Finance Bill 2026 clarifies Section 144C time limits with retrospective amendments, settling the draft vs final assessment order controversy, DRP timelines, and applicability of Sections 153 & 153B.
Payment for Background screening and Investigation Services is neither Fees for Technical Services (FTS) nor Royalty
ITAT Delhi rules that payments for background screening services are neither royalty nor FTS, as they do not involve the use of copyright or 'make available' technical knowledge.
Discounts and Incentives are not Unexplainable Cash Credits
ITAT Chennai holds that discounts and incentives credited in books and linked to business activity cannot be treated as unexplained cash credits under Section 68 or taxed under Section 115BBE.
Marginal Relief in Income Tax For FY 2025-26
Marginal Relief in the Income Tax Act aims to reduces the tax burden when income slightly exceeds the threshold for higher tax rates.
Revised Return Due Date Extension
Income-tax Act proposes more time to revise returns, balancing flexibility with accountability. By extending the deadline, the law aims to improve voluntary compliance without reopening completed assessments.
Online Condonation of Delay for Form 9A, Form 10, Form 10B & Form 10BB: Portal Process, Rules and Key Pitfalls
06 February 2026
1029 Views
The Income-tax Department has enabled an online Condonation Request module for statutory forms like Form 9A, 10, 10B and 10BB. This guide explains the legal framework, step-by-step portal process, authority limits, documentation checklist and key reasons applications get rejected.
Are You Thinking About Auto Sweep Facility in Savings Accounts - Than You Must Read This
Auto Sweep in savings accounts: Earn FD rates on excess cash? Beware penalties & low returns on frequent withdrawals.
No TDS on Motor Accident Interest From April 2026
05 February 2026
223 Views
OverviewStarting 1st April 2026, insurance companies and tribunals will not deduct TDS on interest paid along with motor accident compensation.Earlier, many vic...
Income Tax Updates in Union Budget 2026-27: What the New Proposals Mean for Taxpayers
Income Tax Updates in Union Budget 2026–27: What the New Proposals Mean for TaxpayersThe Union Budget 2026–27 introduces wide-ranging reforms in Ind
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