The Tribunal held that Section 269SS does not apply when cash is received as part of final sale consideration at the time of property registration. Since no advance was involved, penalty under Section ...

Rs 50 lakh insurer policy disproportionate to Rs 4.8 Lakh income declared in ITR: ITAT Chandigarh rejects her HUF funding claim and treats this insurance investment as unexplained investment under Sec ...

Cryptocurrency gains in India are taxed at 30% with 1% TDS under the VDA regime. Budget 2026 strengthens reporting rules, making accurate disclosure and reconciliation in ITR essential for ...

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No exemption is available for the pure purchase of a plot of land under section 54 unless you construct a house on the plot and the construction is completed within three years from the date of sale ...

For years, India was thought of as the Wild West of the fertility industry. But in 2021, a new law in India made it illegal for women to sell their eggs or serve as paid surrogates. That law clashed ...

Man sold property for Rs 3.21 crore and reinvested entire money in a new house but still got income tax notice; he fights back and wins case in ITAT Pune for this reason ...

A huge number of Indians spend their lives hopping across the Arabian Sea — remitting billions of dollars a year, supporting ...

For Non-Resident Indians (NRIs), understanding the intricacies of the Indian tax system can be daunting. Whether you're a seasoned expat or new to living abroad, filing your Income Tax Return (ITR) as ...

Their geopolitical interests converge for the most part, except in their attitudes toward Russia, and they have a common strategic imperative to counter China. India’s foreign policy would benefit ...

The filing of income tax returns (ITR) is a major task that needs to be done by everyone who runs a business, including a startup. As someone who has just started out, you might find the tax filing ...