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PRESUMPTIVE TAXATION AUGUST 31
Delhi HC pauses judges’ ITR processing amid tax exemption rowThe Delhi High Court has halted the processing of judges' income tax returns. This action stems from a dispute over certain allowance exemp...- Born in These Years? Your Chinese Zodiac Could Bring Good Fortune This AugustAugust 2026 may bring opportunities for Horse and Goat zodiac signs. Monkey and Rooster signs could benefit from creativity and consistent ...
- Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...
- Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITATBuyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...
- UP Scholarship 2026-27: Class 9 to 12 registration begins today at scholarship.up.gov.in, check datesUP Scholarship 2026-27: UP Scholarship registration for students in Classes 9 to 12 opens today, August 11, 2026. Renewal applicants for Cl...
- 5 Zodiac signs finally get the breakthrough they’ve been waiting for on August 11On August 11, 2026, five zodiac signs are poised for significant breakthroughs. Aries will transition from feelings of frustration to takin...
- What will happen on August 12? Four celestial events and a rumoured gravity blackoutOn August 12, 2026, skywatchers will witness a remarkable cosmic event featuring a total solar eclipse, the peak of the Perseid meteor show...
- Your Zodiac Sign Reveals What August 15 Means for Your Freedom (And It's Not What You Think)Independence Day 2026 falls on August 15, and this year the date carries an unusually layered numerology signature: Number 6, 8 and 1 all c...
- Govt extends ED Director Rahul Navin's tenure beyond August 13Enforcement Directorate Director Rahul Navin's tenure has been extended by one year. This extension will keep him in his role until August ...
- Rajya Sabha to take up Taxation, Bankers’ Books bills on MondayThe Rajya Sabha will consider two important bills on Monday. The Taxation and Other Laws (Amendment) Bill proposes significant tax changes....
- Aam Aadmi Party to hold nationwide town halls against E20 fuel from August 8The Aam Aadmi Party will organize nationwide town halls starting August 8. These events aim to gather feedback from vehicle owners regardin...
- Lok Sabha passes Taxation and Other Laws (Amendment) Bill to boost foreign investment, electronics manufacturingThe Lok Sabha passed a bill to attract foreign investment and promote domestic manufacturing. This legislation aims to provide greater tax ...
- India’s new 15-year tax break could unlock global rough diamond tradeIndia is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This me...
- August 2026 could become the month that changes your mindset and your future, according to astrologyAugust 2026 emerges as a unique opportunity for individuals seeking renewed inspiration and direction. The powerful Lion's Gate Portal on A...
- Govt unveils tax overhaul to woo global investors, boost manufacturingA new bill aims to attract foreign investment and support key industries. It eases rules for offshore funds and global fund managers operat...
- Govt tables tax amendment Bill with FII relief, electronics manufacturing pushThe Taxation and Other Laws (Amendment) Bill, 2026, was tabled, proposing significant changes to tax laws. Banks and payment providers will...
- Taxation laws amendment bill tabled in Lok Sabha: What the new tax bill changes for foreign investorsFinance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing simpler rules for offshore inv...
- Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS toldHigher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...
- ITR filing last date: Will Income Tax Department extend July 31 deadline for FY 25-26? Here's what experts sayITR filing deadline: The July 31 income tax return deadline approaches with many taxpayers yet to file. Experts are divided on whether the ...
- Opting for presumptive taxation while filing ITR? You may have to face tax audit; here’s what you must knowPresumptive taxation simplifies income computation for eligible taxpayers. However, a tax audit may be required if actual income falls belo...
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