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TAX REASSESSMENT
HC strikes down retrospective tax law amendment; over 2 lakh taxpayers get relief, all eyes on Supreme CourtThe high court's recent ruling has dealt a significant blow to a controversial retrospective tax law, impacting around two lakh taxpayers. ...- Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fightNo ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaip...
- Largecap safety trade? 8 Nifty stocks test investor patience with losses for two yearsOver the past two years, eight Nifty stocks have experienced declines, with notable IT giants like TCS and Infosys pressured by shifts in c...
- Sales didn't move, the profit went up. Here's the trick which is used to do thisHere is one that should make you look twice at any company you own. A company paid a supplier Rs. 394 crore, described in its accounts as a...
- Indian Inc rushes to align with UAE’s 15% minimum tax as November deadline loomsIndian multinationals are assessing their UAE tax exposure before November's deadline. A new 15% minimum tax could affect their existing co...
- India's growth story drawing global investor attention, but policy predictability key to unlocking more FDI: USIBC Prez Atul KeshapGlobal investors are reassessing India's economic prospects due to its strong growth. US investors see confidence boosted by India's infras...
- Race is On! India set to put 5 million cars on the road soonIndian car sales are expected to exceed five million units this fiscal year. This milestone positions India as the third nation globally to...
- Global Market: Japan bond yields hit 3% for first time in 30 years amid inflation, fiscal risksJapan’s benchmark government bond yield hit 3% on Tuesday for the first time since September 1996, marking a major shift for a market long ...
- 28-year-old secured H-1B visa after 2 years, but left US just 2 months later; explains the reason behind quitting a six figure job and returning home without another offerA 28-year-old Indian data scientist left her six-figure US job just two months after her employer-sponsored H-1B was selected, returning to...
- Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
- GST 2.0 gives auto, economy a fresh gear; India car market seen at 6.3 million by 2031: Maruti ChairmanMaruti Suzuki Chairman RC Bhargava credits GST reforms for economic impetus and growth. The Indian car industry is projected to reach 6.3 m...
- Noida Airport is up and running, but the big traffic switch is yet to comeNoida International Airport is experiencing a slower operational start than anticipated. This is due to competition from Delhi's Indira Gan...
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...
- Disquiet grows over AI's dangers: Gates sets tone for pivotal one-on-one with Xi as a race against time beginsAI risks: A key proposal Bill Gates plans to raise is international monitoring of AI systems capable of designing molecules or assisting bi...
- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...
- ETMarkets NRI Talk | Rupee at 96: Why NRIs should think twice before sending more money to India, says Sachin SawrikarWhile a weaker rupee means more rupees for every dollar remitted, it can also erode the dollar value of INR-denominated investments over ti...
- Employee got Rs 30 lakh salary after job switch, did not file ITR, Income Tax dept imposed Rs 3.74 lakh penalty; he fought and won the case in ITAT DelhiEmployee switched job and got Rs 30 lakh salary on which TDS was deducted, forgot to file ITR, Tax dept sent notice and imposed Rs 3.74 lak...
- Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this groundFor Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...
- 8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respondEmployees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically ...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
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