The Tribunal held that where disallowance was accepted and taxes paid during revision under Section 263, penalty under Section 270A was not warranted. The appeal was allowed and penalty ...

The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural ...

From April 1, Income Tax Act, 2025, takes effect with draft rules already released. Key forms like Form 16, 26AS, 3CA, 3CB, 3CD, 10F, 10A are renumbered for simplified compliance.

The High Court held that delayed filing of Form 10B is a procedural lapse and does not justify denial of charitable exemption. Trusts otherwise compliant with audit requirements remain eligible for ...

Explains why U.S. citizens and resident aliens must report global income and how exclusions apply. The key takeaway is that living abroad does not remove U.S. filing ...

India’s tax rulebook is preparing for a major reset. The Income Tax Department has unveiled the Draft Income-tax Rules, 2026, ...

IRS Publication 523 allows taxpayers to exclude up to 500,000 of gain if ownership and residence tests are met. The article ...

The income tax department has released the Draft Income-tax Rules, 2026, to operationalise the Income-tax Act, 2025.

The Income Tax Department has released the Draft Income-tax Rules, 2026, along with draft forms to implement the Income-tax Act, 2025, offering the first detailed glimpse into how India’s revamped tax ...

As I glanced at the FY27 Budget proposals, they looked fairly positive until I noticed the provision taxing capital gains on ...

The Tribunal held that CPC wrongly applied the outdated ₹3 lakh ceiling despite Notification No. 31/2023 enhancing the limit to ₹25 lakh. Since the retirement benefit was within the revised cap, full ...

Enhanced Ltd ("Enhanced" or the "Company") and A Paradise Acquisition Corp. ("A Paradise") (NASDAQ: APAD), a special purpose acquisition company (SPAC), today jointly announced the public filing of a ...