5+ hour, 58+ min ago  (108+ words) The Income-tax Act, 2025 has officially replaced the Income-tax Act, 1961 from 1st April 2026. The new law focuses on simplified language, reduced litigation, and easier tax compliance without introducing new taxes....

3+ hour, 20+ min ago  (39+ words) The Tribunal ruled that capital gains on Transferable Development Rights must be computed after deducting the purchase cost of TDR from the sale consideration. The case was remanded because the assessee failed to submit documents before the AO earlier....

3+ week, 5+ day ago  (20+ words) The issue is complexity and duplication in old tax forms. The new system simplifies compliance through consolidation and structured mapping....

1+ week, 2+ day ago  (446+ words) The article explains why GST on sale of developed plots may not be sustainable under Schedule III of the GST law. It also discusses departmental audit objections and judicial support favoring non-taxability of developed land transactions....

1+ week, 3+ day ago  (28+ words) The article explains the taxation framework for cryptocurrencies, NFTs, and other VDAs under Sections 115 BBH and 194 S. It highlights the harsh restrictions on deductions and loss set-off....

1+ week, 3+ day ago  (301+ words) The article explains how procedural lapses in trust registration renewal can activate Section 115 TD and impose heavy tax on accreted income. Even inadvertent non-compliance may create severe financial consequences....

8+ min ago  (58+ words) Union Finance Minister Nirmala Sitharaman said the government is willing to listen to stock market investors' concerns on Long-Term and Short-Term Capital Gains taxes, ANI reported. Speaking at the TEXPROCIL Export Awards, she said the government will take inputs from…...

1+ week, 8+ hour ago  (120+ words) The Income Tax Department has enabled ITR-1 and ITR-4 filing utilities for AY 2026-27. Taxpayers are advised to verify AIS, TDS, and Form 26 AS details before filing returns....

1+ week, 8+ hour ago  (39+ words) The article explains all ITR forms applicable for AY 2026-27 and highlights key changes in capital gains, buyback taxation, and foreign asset reporting. It emphasizes selecting the correct form to avoid defective return consequences under Section 139(9)....

2+ week, 2+ day ago  (223+ words) The new law treats gains from depreciable assets as short-term capital gains for all purposes, not merely for computation. This effectively removes exemption benefits previously allowed through judicial interpretation under the old regime....