AY 2025-26 can be filed till December 31 2025. Tax expert explains ITR-U helps correct errors but cannot reduce tax or claim refunds.

Not all taxpayers benefit from this relief. Several chartered accountants have raised concerns that certain categories, especially those dealing with international or specified domestic transactions, ...

Delhi HC reviews CBDT's decision to exclude Transfer Pricing (TP) cases from the extended ITR deadline, an unprecedented departure from past practice. The case addresses the arbitrary denial of relief ...

Reversing lower authorities, ITAT Ahmedabad ruled that the assessee proved genuineness of loans and interest payments, allowing deduction under Section 57 of the Income Tax ...

The Kerala High Court has recently upheld the applicability of Tax Deducted at Source (TDS) on interest payments made by primary co-operative societies to their members.Justice Ziyad Rahman A A, ...

Banks and cooperative banks are required to report to the Income Tax Department if someone deposits ₹10 Lakh or more during a single financial year.

Learn how interest from savings accounts, including HYSAs and CDs, is taxed. Understand reporting requirements and strategies ...

Justin Baldoni’s $400 million lawsuit against Blake Lively and Ryan Reynolds has been tossed out, but the actor still faces Lively’s sexual harassment and retaliation claims.

Experts warn that South African expatriates risk severe financial penalties or even criminal prosecution if they under-declare income or fail to cease tax residency properly.