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ASHISH KARUNDIA
Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...- Toll collection against construction services provided to NHAI taxable: Rajasthan HCRajasthan High Court ruled toll collection rights are taxable consideration for highway construction. This decision impacts public-private ...
- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
- SC order turns up tax heat on old benami transactionsThe Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...
- Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...
- India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
- Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...
- Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concernsIndia’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...
- SEBI seeks CBDT clarity on tax role of authorised representatives of FPIsIndia's market regulator Sebi seeks clarity from the tax department on the duties of authorised representatives for foreign investors. Fund...
- Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recoveryTax authorities nationwide are demanding taxes on partner bonuses and performance pay. Professional firms argue this income is already taxe...
- Income tax dept opposes benefits to Jane Street SingaporeIndia's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...
- GAAR shadow over payments abroad worries India IncIndia Inc seeks clarity on General Anti-Avoidance Rules (GAAR) for payments to foreign entities after a Supreme Court ruling. The govt offe...
- Income Tax Act 2025: New rules to kick in from April; why you should recalculate before deciding between old and new tax regimesWith the overhauled Income Tax Act taking effect from 1 April, taxpayers must prepare for new rules—and the renewed old vs new tax regime d...
- Meal cards to offer Rs 1.05 lakh income tax exemption: New changes for salaried taxpayers under Income Tax Rules 2026 to be effective from April this yearSalaried employees can now claim an income tax exemption of up to Rs 1.05 lakh annually on meal cards, vouchers, or subsidized canteen food...
- Tax authorities ask FPIs to appoint local representatives for complianceIndian tax authorities are pushing foreign portfolio investors (FPIs) to designate a 'representative assessee' for tax default engagement. ...
- Charitable trusts challenge I-T dept's irrevocability clauseSeveral public charitable trusts have challenged the Income Tax Department’s insistence that trust deeds must explicitly state they are “ir...
- Belgium to share past financial data with India under revised tax treatySome of the stipulations of the amended treaty are: a contracting state cannot decline to supply info solely because it has no domestic int...
- I-T dept to tap Interpol in pursuit of tax dodgers and their secret assetsThe Income Tax department plans to utilize Interpol to gather information on tax violators' current whereabouts, identities, and hidden ass...
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