Despite declaring the income and paying due taxes, interest under relevant sections was levied as the TDS credit didn’t show up on his Form 26AS.

Traders declaring business or F&O income below 6% of their turnover may face a mandatory tax audit. This rule applies even if ...

A company's right to TDS credit was upheld despite the tax being erroneously reported under its former firm's PAN and not in Form 26AS. The Tribunal ruled the credit follows the ...

Many taxpayers believe that income tax returns (ITR) can only be filed by the due date. However, this is not entirely correct ...

A Mumbai taxpayer successfully challenged a Rs 1 crore tax demand at ITAT Mumbai after Form 26AS failed to reflect TDS credit. Despite paying taxes, the demand arose due to the deductor's failure to ...

The Black Money Act mandates Indian residents to disclose foreign income and assets, imposes heavy penalties for non-disclosure, and has no time limit, emphasizing transparency and compliance with ...

ITAT Chennai deletes Rs.1.86 Cr unsecured loan addition u/s 68 after verifying director source. Remands Rs.1.01Cr cash payment (40A(3)) and restricts TDS default (40(a)(ia)) ...

Inheritance Funding reports the average estate settlement takes 6-12 months, but debts and disputes can extend the process to ...

One such form that caters to these unique entities is the ITR-5 form. Specifically designed for businesses, firms, LLPs ...

For rash driving of 2nd owner, 1st owner of vehicle ordered to pay compensation to victim’s legal heirs, Kerala High Court ...

The 2025 drill program at Florida Canyon is expected to support a mineral resource and reserve update and a revised life-of-mine plan in the first half (“H1”) of 2026.

Most investors think once they’ve bought shares, mutual funds, or ETFs through their demat account, the job is done. But what ...