22+ hour, 30+ min ago   (1042+ words) Already Upgraded? Log in. The Pune ITAT held that compensation received by employees under the BSNL Voluntary Retirement Scheme, 2019 constitutes retrenchment compensation and a capital receipt, fully exempt from tax under Section 10(10B). It is not merely eligible for the restricted…...

21+ hour, 18+ min ago   (220+ words) Already Upgraded? Log in. The Delhi ITAT deleted the ₹14,00,672 disallowance under Section 37 relating to cement purchased from Forever Exim India Pvt. Ltd. The addition was based principally on information appearing on the Income-tax Department’s Insight Portal and the search statement…...

1+ week, 21+ hour ago   (476+ words) Already Upgraded? Log in. Bangalore ITAT Restores ₹26.64 Lakh Agricultural Income Addition: Evidence Could Not Be Rejected Due to Portal Size Restrictions.The assessee declared nil taxable income after claiming agricultural income of ₹26,64,274 as exempt. During scrutiny, she furnished details of…...

1+ week, 4+ day ago   (1102+ words) Introduction: For taxpayers who have filed their Income Tax Return for Assessment Year (AY) 2026-27, one of the most common questions after filing is: “When will I receive my income tax refund, and how can I check its status?” Fortunately, taxpayers…...

1+ week, 4+ day ago   (1733+ words) Notification of rules and forms under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) G.S.R. 732(E).— In exercise of the powers conferred by section 143 of the Finance Act, 2026 (4 of 2026), the Central…...

3+ week, 3+ day ago   (498+ words) Many business owners believe that bookkeeping is simply about recording income and expenses or preparing accounts for filing tax returns. In reality, bookkeeping is the foundation of every successful business. Without accurate financial records, it becomes difficult to know whether…...

2+ week, 2+ day ago   (593+ words) Already Upgraded? Log in. The Bangalore ITAT deleted an addition of ₹58.20 lakh under Section 69A read with Section 115BBE, holding that the assessee had satisfactorily demonstrated that the cash deposited during the demonetisation period represented agricultural income accumulated over earlier years. The…...

3+ week, 4+ day ago   (591+ words) In exercise of the powers conferred by Section 11 and 37 of the Credit Information Companies (Regulation) Act, 2005, and all other provisions / laws enabling the Reserve Bank of India (‘RBI’) in this regard, RBI being satisfied that it is necessary and expedient…...

1+ mon, 4+ day ago   (574+ words) Short-term trading platforms are easy to access online. For Indian users, the main questions are how the product works, what the platform offers, and what to check before depositing money. Binary options ask users to predict whether an asset’s price…...

3+ week, 6+ day ago   (610+ words) Before you shortlist a property, it helps to know how much a bank will lend you. Eligibility isn’t just about your salary — it’s a mix of income, existing debt, age, credit history, and the loan tenure you choose. Here’s how…...