Taxation News

September 15 marks the deadline for the second instalment of advance tax, which is mandatory for individuals whose tax payable for the year is Rs 10,000 or more

An Indian man who moved to the US failed to file his Income Tax Return, incurring a penalty, but the ITAT Jaipur later canceled it, providing relief.

The Reform party has ruled out abolishing inheritance tax, with Chancellor pick Robert Jenrick stating that while the 40 percent levy is 'unfair' and 'very unpo

The Bombay High Court has dismissed a tax evasion case filed against fashion designers Abu Jani and Sandeep Khosla.

The Income Tax Appellate Tribunal (ITAT) has allowed business travel expenses paid using a spouse's credit card.

A Bloomberg analysis suggests that income tax brackets could change for 2027, potentially offering financial relief to taxpayers by taxing more of their income

The Delhi High Court has mandated biometric Aadhaar authentication for GST registration across India to combat fraud, emphasizing the need for action against mi

A tax notice has been issued for a remittance of Rs 1 crore originating from Kuwait.

A tax tribunal has significantly reduced a 200% penalty imposed on a Non-Resident Indian (NRI) who failed to disclose interest income.

The deadline for advance tax payment on September 15, 2026, is approaching, and individuals with income from various sources like interest, rent, dividends, mut

M.A. Oommen suggests expanding Kerala's tax base to unlock its economic potential, while Transport Minister C.P. John emphasizes the need to improve GST collect

The September 15 advance tax deadline is approaching for taxpayers whose tax liability is not fully covered by TDS or TCS, particularly those with additional in

Taxpayers subject to a tax audit need to be aware of the two-stage filing process for AY 2026-27, which includes a September 30 audit report deadline and an Oct

The cost of vaping is projected to increase by nearly £300 annually starting in October due to a new tax law coming into force.

The Supreme Court has dismissed a plea against a ₹363 crore GST demand on Vodafone Idea, related to the sale of its telecom tower business.

The GST Council meeting has been rescheduled to October 7.

A two-day seminar focusing on second-generation GST reforms is scheduled to commence on Monday at the Gulati Institute of Finance and Taxation (GIFT) campus in

A Bengali Hindu landlord faced a tax notice for splitting ₹1.89 crore rental income between HUF and personal ITR, but the ITAT Delhi ruled in his favor despite

The Mumbai ITAT has ruled that genuine profits from F&O and commodity trading cannot be deemed bogus without specific evidence, providing clarity for retail tra

Lord Offord announced his intention to review Scotland's income tax system during the final day of the Reform UK conference in Birmingham.

The Income Tax Appellate Tribunal (ITAT) Delhi recently ruled that a Delhi-based property owner was denied tax credit because her tenant deducted TDS on rent bu

A Bengaluru taxpayer received an income tax notice for not reporting ₹2.33 crore in online gaming winnings. Despite the tax officer deeming the winnings taxable

The Income Tax Appellate Tribunal (ITAT) rejected a plea regarding an unexplained cash deposit of Rs 41.69 lakh, despite the individual claiming he only discove

Reform has vowed to increase the personal allowance to £15,000 as part of extensive tax cut plans. Robert Jenrick pledged to resign if this promise is not deliv