Income Tax Articles

Income Tax Notices on the Rise: Top Triggers You Must Avoid in 2025

Poojitha Raam Vinay 28 November 2025 at 15:46

With digitisation, data-matching, and AI-driven analytics, the Indian Income Tax Department has become more vigilant than ever. As we move into 2025, the number..

Tax Relief - High Court Directs IT Department On GST Input Verification

CS Lalit Rajput 28 November 2025 at 09:29

Gujarat High Court rules that reassessment under Section 148A cannot rely solely on GST data. AOs must independently verify information, record prima facie belief, and follow due process before issuing notices.

Gujarat HC: Income Tax Dept Cannot Issue 148A Notices Solely on GST Dept Inputs

Vivek Jalan 27 November 2025 at 06:09

High Courts warn the Income Tax Department against issuing 148A notices based solely on GST or Sales Tax Department data, stressing independent verification and inquiry.

Enhancing Tax Transparency on Foreign Assets & Income: A Concise Overview of CRS & FATCA

CA Jaydeep Babubhai Vadher 26 November 2025 at 06:22

A clear guide to India's foreign asset reporting requirements under CRS and FATCA, explaining mandatory disclosures in Schedules FA, FSI and TR, key compliance rules, filing restrictions, currency conversion norms and penalties for non-reporting.

TDS Refund For AY 2025-26: Latest Update

Mitali 25 November 2025 at 13:01

Wondering why your TDS refund is delayed? Discover key CBDT updates, refund processing status, and tips for faster refund release in 2025.

Is Your International Payment Taxable? A Practical Guide to Separating Business Profits from Royalty and Technical Fee

CA. Bhavik P. Chudasama 25 November 2025 at 10:21

A practical guide to distinguishing business profits, royalties, and technical fees in international payments. Understand how contracts, DTAA rules and Form 15CA/CB requirements shape taxability, compliance, and certification, complete with real examples and clarity on grey areas.