Income Tax Order Archives

CBDC

June 14, 2025 CA ALOK KUMAR

Major Relief for Senior Citizens in Pension Account Attachment by Income Tax Department

Madras High Court on Pension Account Attachment for Income Tax Dues 🔎 Overview: Pension Funds Declared Immune from Tax Recovery Attachments In a landmark and socially impactful decision, the Madras...

Capital Gain

December 13, 2024 CA ALOK KUMAR

Tax Planning Within Law Is Not Tax Evasion – Offsetting STCL Against LTCG Is Legal – ITAT Mumbai

ITAT Allows Taxpayer to Offset STCL Against LTCG, Rejecting Tax Evasion Claims The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has upheld the right of taxpayers to offset...

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Bogus Transactions

December 11, 2024 CA ALOK KUMAR

Admit Bogus Transactions, Face Reassessment – Gauhati HC Ruling

Notice Under Section 148A(b): Gauhati High Court Upholds Validity in Case of Bogus Transactions The Gauhati High Court recently addressed the validity of notices issued under Section 148A(b) of the...

2021 Bogus Transactions CA Alok Kumar CBDT Circular

Allahabad High Court

December 11, 2024 CA ALOK KUMAR

Indirect Fund Transfers Not ‘Unexplained Money,’ Rules High Court

Funds Temporarily Held in One Account Before Transfer to Another Doesn’t Qualify as Unexplained Money: Allahabad High Court The Allahabad High Court has clarified that funds temporarily placed in one...

1961 First Rand Bank Income Tax Income Tax Appellate Tribunal

Advance Tax

December 9, 2024 CA ALOK KUMAR

Time to negotiate your Tax Bills with Income Tax department – Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024)

The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024): Simplifying Tax Dispute Resolution The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024) is a transformative government initiative designed to address...

BLACK MONEY ACT DTSSV 2024 Income Tax Appellate Tribunal Income-tax Act

Income Tax

August 9, 2024 CA ALOK KUMAR

Why Your Tax Refund is Delayed and How to Resolve It

Filing your Income Tax Return (ITR) on time is crucial, but receiving your tax refund promptly is not always guaranteed. Various factors can cause delays in the refund process, which...

how to resolve it Income tax Return tax refund

Income Tax

July 29, 2024 CA ALOK KUMAR

Reasons for Extending the Income Tax Return Filing Date

The All Gujarat Federation of Tax Consultants and the Income Tax Bar Association have requested an extension of the Income Tax Return (ITR) filing deadline for the Assessment Year (AY)...

Annual Information Statement e-return Intermediary ERI License File ITR Online

Income Tax

July 26, 2024 CA ALOK KUMAR

Vivad se Vishwas 2.0: Settlement Made Easy

Vivad se Vishwas Scheme 2024 (VVS 2024) aims to streamline the resolution of long-pending tax disputes at the Commissioner (Appeals) level, building on the success of its 2020 predecessor. This...

pay disputed taxes Tax department appeals Tax Disputes taxpayer appeals

Accounting Standard

May 20, 2024 CA ALOK KUMAR

What to Do If TDS Is Not Correct in 26AS?

Tax Deducted at Source (TDS) is a crucial aspect of tax compliance in India. Both Form 16 and Form 26AS are essential documents for filing Income Tax Returns (ITR). Form...

Advance Tax file the TDS return Form 26AS high value transactions

Income Tax

December 18, 2023 CA ALOK KUMAR

Sovereign Gold Bonds: A Premier Investment Option for Residents in India

Sovereign Gold Bond Scheme 2023-24 (Series III) will be opened for subscription during the period December 18-22, 2023

CA Alok Kumar Income-tax Act Tax News TaxinIndia

Category: Income Tax Order