US citizen received Rs 30 lakh income tax demand notice in India, was denied India-US DTAA relief due to a mistake: Know how she won at ITAT Delhi

Rs 30 lakh income tax demand notice and India-US DTAA benefit denied to US citizen; she fights and wins case in ITAT Delhi; Know how

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Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT Mumbai

Tenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This judgement was given by Vikram Singh Yadav, the Accountant Member along with Siddhartha Nautiyal, the Judicial Member of ITAT Mumbai.

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Missed ITR deadline and TDS refund is due? Know how to claim your refund before it’s too late

Missed the ITR filing deadline? Don't panic! You might still claim your TDS refund. Learn about filing belated returns, potential fees, interest, and the crucial condonation process if even that window has passed. Understand the implications for carry-forward losses and deductions. Avoid common mistakes to ensure your refund is processed smoothly.

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Income Tax Rules 2026 amended: CBDT revises Form 169, Form 171; extends these deadlines

The Central Board of Direct Taxes has rolled out significant amendments to income tax regulations for 2026, particularly affecting electronic communication and tax recovery processes. The deadlines for registering valuers and income tax professionals have been pushed back, allowing applicants until March 31, 2027, to finalize their registrations.

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8 changes in income tax audit forms for AY 2026-2027; what taxpayers need to know

For the assessment year 2026-2027, the deadline for income tax audits is set for September 30, 2026. Businesses utilizing presumptive taxation schemes should be aware that they may still need to undergo income tax audits, depending on their turnover. Significant updates to Form 3CD's reporting requirements have been implemented for this assessment year, which include new clauses concerning presumptive taxation, MSME payments, settlement expenditures, and share buybacks.

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Tax Audit Report deadline: Who needs to upload it by September 30, 2026

The deadline for uploading tax audit reports is set for September 30, 2026, specifically targeting certain taxpayers. Chartered accountants will manage the upload of the tax audit report on the e-filing portal, after which taxpayers need to accept and e-verify the tax audit report.

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Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed income

FAST-DS 2026 prescribes detailed rules for valuing foreign assets, but how should undisclosed foreign income be computed for the ₹1-crore limit? This article examines whether such income should be computed under the Income-tax Act and converted into Indian rupees under Rule 115 and why CBDT clarification would help taxpayers.

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Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring shares

While giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerations for NRIs. Although the gift itself isn’t taxable, comprehending the nuances of acquisition costs and the period they’ve been held is vital.

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ITR filed under old tax regime by mistake, income tax paid under new regime: How a lady won case in ITAT Delhi

Filed ITR under the old tax regime but paid income tax under the new tax regime; ladywins case in ITAT Delhi after proving her accountant mistakenly filed this ITR under the old tax regime. M. Balaganesh, Accountant Member and Sudhir Kumar, Judicial Member of ITAT Delhi heard this case.

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Student gets Rs 18.34 lakh stipend from university and pays no income tax; gets notice from Income Tax Department; she wins the case in ITAT Delhi for this reason

Student gets Rs 18.34 lakh stipend from university for PG studies and pays no tax; Tax dept sent notice; She wins case in ITAT Delhi; Know how did she win and what is the income tax treatment of scholarship.

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NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITAT

The NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with all her tax-related compliance; hence, she was not made aware of the notices issued. Moreover, after becoming aware of her mistake, the lady even paid the tax liability with appropriate interest. Read on to know how ITAT ruled in her favour.

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Advance tax deadline today: What will be the consequences if you miss September 15, 2026, due date?

The second advance tax instalment deadline is September 15, 2026. Failure to pay by this date incurs penal interest charges. Advance tax is income tax paid in instalments during the financial year. Individuals with a tax liability exceeding Rs 10,000 must pay advance tax. Penal interest under Sections 234B and 234C applies for late or short payments.

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Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full relief

Indian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and gives full relief. ITAT Jaipur’sSMC bench who heard this case composed of Annapurna Gupta, accountant memberand Kuldip Singh, judicial member.

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