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TAX SCRUTINY PROCEDURES
GSTAT extended relaxed scrutiny guidelines for filing appeals till December 31, 2026; Know how this helps taxpayersThe Goods and Services Tax Appellate Tribunal (GSTAT) has extended its relaxed scrutiny guidelines for filing appeals until December 31, 20...
Regulating charity without stifling it: The case for clearer rulesIndia's charity sector, vital for social needs, faces evolving regulations aimed at transparency. While scrutiny is accepted, current rules...
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
H-1B workers get relief as US court scraps $100,000 fee; employers may accelerate filingsA US federal judge struck down the $100,000 fee for fresh H-1B petitions, deeming it an unlawful tax. This ruling could encourage more appl...
Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
Anthropic approaches $1T valuation; Google ads face heatAnthropic neared a trillion-dollar valuation following fresh funding. This and more in today's ETtech Top 5.
No new Khata for revenue land acquired through partition deed in Bengaluru? Expert explains the available optionsBengaluru property owners face a new hurdle. The city's e-Khata portal does not allow new Khata creation for revenue land acquired through ...
India recasts rules for foreign tax info exchange: New framework from July 1 aims to curb cross-border tax evasion & speed up case closureIndia has updated its rules for sharing tax information with other countries. New rules make foreign tax requests high priority, requiring ...
New labour code: Can higher gratuity and social security costs under Social Security Code, 2020 be offset by employers by salary restructuring ?The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in I...
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...
Canada is facing its own Brexit moment — Alberta separatists just hit a massive referendum milestone, and Ottawa has a very big problemAlberta separatists say they have enough signatures. The number is striking. Nearly 302,000 names submitted. The legal threshold was 178,00...
Alert for CXOs and Directors: Acting as authorised signatory for a foreign company now requires PAN, address & more details under Income Tax Rules, 2026New Income Tax Rules, 2026 mandate that Indian employees acting as authorised signatories for foreign companies must now provide their PAN,...
Ask justified, specific questions from taxpayers during scrutiny: CBDT to I-T officialsThe CBDT has instructed Income Tax Department officials nationwide to apply "due application of mind" when issuing scrutiny notices to taxp...
Mandatory scrutiny of ITR: Income tax dept reveals the criteria how the ITRs will be selected for the scrutinyIncome tax return: The tax department has released a circular which outlines the criterias and procedure to be followed if a particular inc...
How GST authorities are using data analytics and technology for investigationsGST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from sup...
CBDT warns taxman against roving, fishing scrutiny inquiriesThe policy-making body of the department has asked assessing officers to not "travel beyond the issue" and not to randomly or unauthorisedl...
Finance Ministry modifies I-T scrutiny notices; adds words of courtesyThe three new formats of these scrutiny notices have been circulated by CBDT for immediate usage in tax department offices across the count...
Do not deny refund in scrutiny cases, let AO decide, says Delhi HCHolding that tax orders are not meant to "add to difficulties" of taxpayers, the Delhi High Court ruled that the IT department should not d...
- Taxman to tighten noose,studies returns closely
Concealing income from the taxmen will be a tougher proposition now.