Tax Guru

No Penalty Under Interest Tax Act Where Returns Accepted Without Addition: Gujarat HC

Gujarat HC upheld deletion of penalty under Section 13 of the Interest Tax Act as returns were accepted and no concealment or ...
Business Recorder

Dividend income constitutes separate block of income, which is solely liable to be taxed under Section 5 of ITO: SC

ISLAMABAD: The Supreme Court held that by virtue of subsections (4) and (5) of Section 4 of the Income Tax Ordinance, 2001, ...
The Financial Express

Received an income tax reassessment notice? This ITAT ruling shows when you can challenge it

Based on the given case law and the relevant assessment year, before issuing a reassessment notice under section 148, the ...

ITR 2026: Increased disclosure requirements for overseas investments and foreign assets—are Indian taxpayers ready?

Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks ...
Tax Guru

ITAT Mumbai Deletes Section 271AA Penalty for Bona Fide AE Non-Reporting

ITAT Mumbai deleted Section 271AA penalty for unreported international transaction citing reasonable cause and set aside ...
P.M. News

FG moves to raise N1.2tn through fresh bond offer

The Federal Government has reopened three Federal Government of Nigeria (FGN) bond issues valued at N1.2 trillion for ...
The Financial Express

Can buying a house in joint names reduce your LTCG tax savings? Here’s what Section 54F says

Merely having a joint home loan should not prejudice the exemption under Section 54F. What is relevant is whether the ...

They Thought A Vending Machine Would Generate Easy Income. That Was Before They Signed A Contract To Provide Free Coffee Taking A $1,200 Hit

A vending machine business can sound like the side hustle that makes money while you sleep. Put the machine in a busy ...

Capital gains tax raid could hit families with £120,000 bill

A quiet change to capital gains tax is being whispered about in Westminster, but it could turn an ordinary inheritance into a six-figure shock.

Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him relief

Employee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in ...

West Lothian residents pay second highest garden waste uplift fee in Scotland

West Lothian households pay second highest charges in Scotland but that's not the full picture, says council ...

Newcastle city centre overnight parking to be axed at one car park after trial

Council bosses are set to continue with 24-hour weekend access at the Dean Street multi-storey car park in Newcastle, but drop the extended hours at Grainger Town ...