The introduction of the Income Tax Code 2025 marks a significant overhaul of India’s taxation framework, consolidating and amending the previous laws to enhance clarity, ...

Landmark Delhi HC ruling strikes down CBDT's para 9, ensuring taxpayers can claim refunds without arbitrary deadlines.

Discover the new tax exemption for IFSC-issued life insurance policies under Section 10(10D). Learn who benefits, key changes ...

With effect from April 1, 2025, the Finance Act (No. 2), 2024, has introduced strict timelines for submitting corrected ...

In a recent adjudication, the Ministry of Corporate Affairs (MCA) imposed penalties on a private limited company and its directors for failing to file financial statements for five consecutive years, ...

Planning to leave India? Ensure your tax compliance first! The Indian Income Tax Department mandates specific individuals to obtain an Income Tax Clearance Certificate (ITCC) before departing the ...

On December 23, 2024, the Delhi High Court passed a significant order in Anant Vir Jain vs. Principal Chief Commissioner of Income Tax, highlighting conflicts between FAQ No. 30 of Circular No.