Social Media Ideas for Clause 16(B) Form 3Cd

Form 3CD Is Changing: The Clauses That Can Make Tax Audit More Challenging

Form 3CD Is Changing: The Clauses That Can Make Tax Audit More Challenging     Why Tax Auditors Need to Look Beyond the Trial Balance Tax audit season is often treated as a familia...

Is GST Refund Taxable If It Is Reported in Form 3CD but Not Credited to the Profit & Loss Account? ITAT Bangalore Sa...

Is GST Refund Taxable If It Is Reported in Form 3CD but Not Credited to the Profit & Loss Account? ITAT Bangalore Says No   Important Ruling on GST Refunds, Form 3CD Clause 16(...

No Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone

No Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone     Non-Filing of Form 10B May Deny Exemption Under Sections 11 & 12, But It Does No...

CBDT turns its attention to Form 15CB – and to the Accountants who sign it

CBDT turns its attention to Form 15CB – and to the Accountants who sign it   On 18 August 2026, the Central Board of Direct Taxes announced a nationwide verification exercise into...

Section 68 Cannot Be Invoked Mechanically: Gujarat High Court Says One-to-One Matching of Bank Credits with Sales Is Not...

Section 68 Cannot Be Invoked Mechanically: Gujarat High Court Says One-to-One Matching of Bank Credits with Sales Is Not Mandatory   Assessing Officer Must Give Cogent Reasons Befo...

₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income

₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income     A clerical mistake in the ITR cannot become taxable income when the amount was already discl...

New ITR-BN Form for Block Assessment in Search and Seizure Cases

The Central Board of Direct Taxes (CBDT) has notified a new Income Tax Return (ITR) form, ITR-BN, for taxpayers covered under block assessment proceedings arising from search and r...

Form 16 delay led to ITR non-filing and ₹3.74 lakh penalty: How a salaried employee won his case

A salaried employee’s failure to file his ITR after switching jobs led to a ₹3.74 lakh penalty, even though the TDS deducted by his employers was reflected in Form 26AS. ITAT Delhi...

ITR-BN: The New Return Form for Block Assessments

ITR-BN: The New Return Form for Block Assessments     What CBDT has done: On 24 July 2026, CBDT has notified the Income-tax (Third Amendment) Rules, 2026 (Notification 97/2026), in...

Section 10(14)(i) under new tax regime: Wrong claims can trigger income tax notices, warns tax expert

While taxpayers under the new tax regime have limited opportunities to claim exemptions, Section 10(14)(i) remains available for specified allowances provided by employers to meet...

Section 153C Cannot Be Invoked Mechanically: ITAT Jaipur Quashes Proceedings for Lack of Independent Satisfaction

Section 153C Cannot Be Invoked Mechanically: ITAT Jaipur Quashes Proceedings for Lack of Independent Satisfaction   AO Cannot Simply Copy the Satisfaction Note of the Searched Pers...

Delayed Form 10B Filing Cannot Deny Trust Exemption if Filed Before Processing: ITAT Bangalore

Delayed Form 10B Filing Cannot Deny Trust Exemption if Filed Before Processing: ITAT Bangalore     Filing the correct audit report before CPC processes the return is sufficient com...

LLP Form 3 Filing Update

I need help completing and e-filing Form 3 with the Registrar of Companies so that my LLP Agreement properly reflects an Amendment of business activities. No alterations to partner...

Can third-party documents alone trigger a tax demand? ITAT explains when the Income Tax Department can act

A recent ITAT ruling has clarified that the Income Tax Department cannot raise a tax demand solely on the basis of documents recovered from a third party without independent eviden...

Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted...

Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted Sales Tax Assessments Must Be Based on Evidence, Not Mathema...

ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know

ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know   CBDT’s new form puts the entire block-period tax history on the assessee’s table Search procee...

ITR filing: 8 costly mistakes salaried employees should avoid to prevent tax notices and refund delays

ITR 2026: With tax authorities now having access to extensive financial information through multiple reporting systems, experts are advising that salaried employees should move bey...

Section 47(iv) Relief Upheld for Intra-Group Share Sale Ahead of Fast-Track Merger

ITR filing 2026: Tax Audit Season is here -- businesses, professionals: Who needs audit this month?

The presumptive taxation scheme is designed to simplify tax compliance for eligible taxpayers. Instead of maintaining detailed books of account and calculating actual profits, taxp...

Section 153C Cannot Be Invoked After 1 April 2021 for an “Other Person” Merely Because the Search Was Conducted Earlier:...

Section 153C Cannot Be Invoked After 1 April 2021 for an “Other Person” Merely Because the Search Was Conducted Earlier: ITAT Bangalore   Landmark Ruling Clarifies That the Date of...

Seized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries

Seized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries     80C and HRA claims also rejected for lack of evidence – ITAT Hy...

Can Income Tax Additions Be Made Solely on Third-Party Evidence? ITAT Mumbai Says No – A Landmark Judgment Every Taxpaye...

Can Income Tax Additions Be Made Solely on Third-Party Evidence? ITAT Mumbai Says No – A Landmark Judgment Every Taxpayer Must Know   Keywords: Third-party evidence under Income Ta...

Foreign assets disclosure scheme opens today: Who can declare undisclosed assets and income?

FAST-DS opens on August 16, 2026, giving eligible taxpayers a one-time window to disclose certain undisclosed foreign assets and income. The scheme will accept declarations until D...

CBDT enables foreign asset disclosure in AIS: What taxpayers need to know before filing ITR

The CBDT has enabled taxpayers to view certain foreign asset information in their AIS, giving them greater visibility into overseas financial data received under global information...