The right profit, the wrong story: How segment reporting can mislead investorsSegment reporting is supposed to be a window into each business a company runs. In some cases, it has become a source of dispute. Auditors ...
18 Sep, 2026, 08.11 PM IST
Supreme Court stays Punjab and Haryana HC judgment in JAO tax notice caseMany individuals and companies had moved various high courts challenging proceedings initiated directly by JAOs. In April, the SC, while he...
18 Sep, 2026, 06.50 PM IST
Tax Audit Report deadline: Who needs to upload it by September 30, 2026The deadline for uploading tax audit reports is set for September 30, 2026, specifically targeting certain taxpayers. Chartered accountants...
18 Sep, 2026, 03.26 PM IST
India's net direct tax collections rise 13% to Rs 12.1 lakh crore till September 17 of FY27India’s net direct tax collections rose 12.96% year-on-year to Rs 12.12 lakh crore as of September 17, government data showed. Gross collec...
18 Sep, 2026, 01.51 PM IST
Advance tax deadline of September 15, 2026: What will be the consequences if you miss the due date?The second advance tax instalment deadline is September 15, 2026. Failure to pay by this date incurs penal interest charges. Advance tax is...
17 Sep, 2026, 05.08 PM IST
ITR filed under old tax regime by mistake, income tax paid under new regime: How a lady won case in ITAT DelhiFiled ITR under the old tax regime but paid income tax under the new tax regime; ladywins case in ITAT Delhi after proving her accountant m...
17 Sep, 2026, 10.18 AM IST
Student gets Rs 18.34 lakh stipend from university and pays no income tax; gets notice from Income Tax Department; she wins the case in ITAT Delhi for this reasonStudent gets Rs 18.34 lakh stipend from university for PG studies and pays no tax; Tax dept sent notice; She wins case in ITAT Delhi; Know ...
16 Sep, 2026, 05.47 AM IST
Delhi High Court raps ITAT over Patanjali tax appeals; cites 'undue haste' and 'non-application of mind' in proceedingsThe Delhi High Court criticized the Income Tax Appellate Tribunal for its procedural lapses. The tribunal's actions in a Patanjali Ayurved ...
16 Sep, 2026, 12.30 AM IST
NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITATThe NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with...
15 Sep, 2026, 02.51 PM IST
Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full reliefIndian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and...
14 Sep, 2026, 07.00 AM IST
Taxable income below Rs 12 lakh: Will you pay zero income tax if this income includes LTCG and STCG for Tax Year 2026-27?Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, rema...
12 Sep, 2026, 02.37 PM IST
Rs 1.17 crore interest income of minor child: Father faces Rs 12.83 lakh penalty; ITAT Delhi cancels itSatbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father can’t ...
12 Sep, 2026, 11.13 AM IST
Missed August 31 ITR deadline? Know what ITR 3 and ITR 4 filers can do nowITR deadline: By the end of August 31, 2026, over 7.8 crore individuals completed their income tax return submissions. Those who did not fi...
01 Sep, 2026, 03.01 PM IST
Record 7.8 crore ITRs filed for AY26-27 as August 31 deadline endsOver 7.8 crore Income Tax Returns were filed for AY 2026-27 by August 31. This marked the close of the revised statutory deadline for non-a...
01 Sep, 2026, 09.36 AM IST
ITR filing August 31, 2026, deadline today: Due date for AY 2026-27; Check who must file returnITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3...
31 Aug, 2026, 06.13 PM IST
Filing ITR-3 for AY 2026-2027? Here’s 7 aspects to look out for before filing itThe deadline to submit ITR-3 forms for non tax audit business income is set for August 31, 2026. For those requiring a tax audit, the submi...
31 Aug, 2026, 04.42 PM IST
Who needs to file ITR by August 31, 2026 for AY 2026-2027? Check what happens if ITR filing deadline is missedITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2...
29 Aug, 2026, 11.57 AM IST