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COURT TAXPAYER OUTSTANDING
Sridhar Vembu honours IITian who rejected MIT, stayed back in India, topped UPSC, had 32 transfers in 34 years as IAS officer: Who is Raju Narayana Swamy?Zoho co-founder Sridhar Vembu reminisced about his IIT Madras peer Raju Narayana Swamy, an exceptionally talented civil servant known for h...
No arrest by income tax recovery officer if you have failed to pay pending tax demands; amended Finance Bill 2026The Ministry of Finance has removed the power of Tax Recovery Officers to arrest individuals for pending tax demands. This taxpayer-friendl...
Won your case at ITAT but still waiting for refund? Why Budget 2026 must end tax officers’ delays in giving effect to court ordersTaxpayers face significant delays in receiving refunds and tax relief even after winning cases at the ITAT and other appellate authorities....
GST return due date clash with Diwali: BCAS urges extension of GSTR-3B filing dateThe Bombay Chartered Accountant Society has urged the finance minister to extend the GSTR-3B filing deadline. This request stems from the u...
GSTAT hearings to start 'very soon': Centre appoints key members, states to follow suitThe government is working to fully activate the Goods and Services Tax Appellate Tribunal. Technical and judicial members have been appoint...
One time tax settlement scheme 2025 by Haryana govt: Get up to Rs 1 lakh rebate and full waiver of interest and penaltyHaryana One time tax settlement scheme 2025 (OTS): The Haryana Government has released some FAQs on the tax due settlement scheme under whi...
Don’t be surprised if you get lesser income tax refund this year, the income tax dept is adjusting past dues against this year’s refundIncome Tax Notice: "Since there are pending assessment / re-assessment proceeding in the case of taxpayer, the refund release/withhold will...
Won case against income tax department but still waiting for benefit? No more delay after an update in ITR portalOrder giving effect: Now a online process has to be used for submitting order giving effect requests. Earlier even if a taxpayer won a case...
UK asks govt to recover tax from Indian bizmanThe British tax office has requested India to recover unpaid taxes from an Indian businessman now settled in India, utilizing an uncommon t...
Income Tax department reduces time for taxmen to decide on refund adjustmentAccording to the Directorate of Income Tax (Systems) notice, the time limit of 30 days made available to the assessing officers has been re...
US Supreme Court refuses to block President Joe Biden's student debt relief programJustice Amy Coney Barrett refused to block President Joe Biden's student debt relief which is estimated to be $1.6 trillion.
Vodafone Idea, Airtel have ₹42,000 crore locked in cases against govtThe government is evaluating developing a mechanism similar to 'Vivaad se Vishwas' (VSV) to reduce litigation as part of its relief and ref...
Can’t adjust entire refund against outstandings, rules HC in relief for taxpayersThis order comes as a relief, especially for India Inc and high net worth individuals where the amounts at stake are significant. If refund...
'Vivad se Vishwas' scheme: CBDT to review pendency of appealsThe officials said a video conference-based interaction will be undertaken by the CBDT member in-charge with all regional chiefs of the dep...
Bombay HC ruling: I-T officers told to pay up for adjusting refund against duesThe HC also instructed the tax department to take disciplinary action against the officers.
View: Government needs to toughen law to curb economic offender's ease of fleeing IndiaThe US has introduced a similar snare, but for tax evaders. The new law, FAST, ensures that heavy tax defaulters cannot make a fast exit.
Delhi HC comes to rescue of taxpayers denied TDS creditOther key directives issued by the HC include that interest on refund should be paid to taxpayers for delays not attributable to them.
- ‘Overdraft facility can’t be attached for tax recovery’
The taxman does not have claim over the bank overdraft facility of a defaulter since the lender does not owe money, but has promised a loan...
- Tackle Mounting Tax Arrears
It is welcome that the govt has notified the rules for dispute resolution panel.
- I-T investigations and surveillance to be made public
In a first of its kind initiative, income tax investigations, which remained under shroud till now, will be available with toenail details ...