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Income Tax Articles


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

Posted by CS Lalit Rajput 28 November 2025 1628 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 148 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 2879 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 249 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 1255 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 161 Views

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



Tax Offences Under the New Income Tax Act 2025: How They Compare With the 1961 Act

Posted by Vivek Jalan 25 November 2025 495 Views

A detailed comparison of key prosecution offences under the Income Tax Act, 1961 and the new Income Tax Act, 2025, including sections on wilful tax evasion, failure to file returns, and non-payment of TDS/TCS.



No Advance Tax for Pensioners in FY 2025-26

Posted by Poojitha Raam Vinay pro badge 24 November 2025 1281 Views

Know how pensioners can avoid advance tax if they don’t have any business or profession income.



One Missed ITR Dragged 82 Year Old Woman to High Court

Posted by Mitali 24 November 2025 2491 Views

Know how an 82-year-old senior citizen fight against income tax penalties due to an unfiled return caused by health issues.




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