In Short News
Claiming Double Taxation Avoidance Agreement (DTAA) Benefits for Non-Residents on Income Earned in India.
India has become a globalized economy where there is huge amount of employment, investment and trade going on across the globe. Therefore, taxation of cross border income has become a feature of Indian Income-tax Act. The Act provides for taxation…
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Garima Leather Exports -Demonetization Cash Deposits
ITAT Delhi (2026) CORE ISSUE Whether cash deposited during demonetization can be treated as unexplained money under Section 69A when the Assessing Officer relies on publicly available Google data and market information. FACTS IN BRIEF The assessee claimed that cash…
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CAAS Representation: Objection to insistence upon rigid “prescribed format” CA certificates for Electricity Duty Exemption matters demand to immediately permit ICAI-compliant certificates with essential safeguards
CAAS Representations: Subject: Objection to insistence upon rigid “prescribed format” CA certificates for Electricity Duty Exemption matters demand to immediately permit ICAI-compliant certificates with essential safeguards A CA certificate cannot be rejected merely because it contains ICAI-mandated safeguards. CAAS has…
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TDS on Rent by Certain Individual or HUF Under Section 194-IB
Section 194-IB provides that every Individual and HUF, whose turnover or gross receipt from business or profession doesn’t exceed Rs. 1 crore in case of business and Rs. 50 lakhs in case of a profession in the immediately preceding financial…
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CBI Arrests Police ASI in Bribery Case, ASI demanded Rs.50,000 from complainant for release vehicle
Chandigarh: CBI Arrests Chandigarh Police ASI in Bribery Case The Central Bureau of Investigation (CBI) has arrested an Assistant Sub-Inspector (ASI) of Chandigarh Police, Sector-39 Police Station, Chandigarh in a bribery case. The CBI registered the instant case on 06.06.2026…
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ESI Calculation: How ESI Contributions Are Calculated and Paid
Employee State Insurance (ESI) or ESI Scheme is an integrated social health insurance and pension scheme of employees of both the Central and State government and also the Permanent employees of Private Enterprises / Establishments / Factories etc. and their…
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Total number of Income Tax Returns (ITRs) filed till 6th June: 16,96,153 Latest Statistics
Total number of Income Tax Returns (ITRs) filed till 6th June: 16,96,153 Have you filed your ITR, or are you waiting for your Form 16 or updating of TDS/TCS credits? Have you considered submitting your income tax return this year?…
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Senior Citizens and Super Senior Citizens Tax Slab Rates for Financial Year 2025-26
Basic Exemption Limit of Senior Citizens enhanced under Old Tax Regime – Income Tax Act 1961. The senior citizens above 60 years including Super Senior Citizens above 80 years of age have higher Basic Exemption Limit under Old Tax Regime.…
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Raid: Rs 2 crore in cash has been recovered from his bank lockers
Odisha: Odisha Vigilance is conducting simultaneous searches at multiple locations following allegations that Baikuntha Nath Behera, Assistant Executive Engineer at ITDA, Baliguda, possesses assets disproportionate to his known sources of income. During the ongoing searches, approximately Rs 2 crore in…
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New List Permanent Judges of Bombay High Court
President Appoints Additional Judges as Permanent Judges of Bombay High Court In exercise of the powers conferred by the Constitution of India, the President of India, after consultation with Chief Justice of India, is pleased to appoint the following Additional…
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The Income-Tax (Amendment) Ordinance, 2026 (Key Changes)
The Government of India has issued the Income-tax (Amendment) Ordinance, 2026 to amend and further modify the Income-tax Act, 2025. The said Income-tax (Amendment) Ordinance, 2026 was issued by President Droupadi Murmu on 5th June, 2026 and shall come into…
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Madras High Court Directives on SARFAESI Act Enforcement
IN THE HIGH COURT OF MADRAS Date: 06 June, 2026 JUDGMENT The Madras High Court today directed on how Section 14 of the SARFAESI Act can be enforced by issuing a number of directions through a Bench comprising Chief Justice…
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Money Laundering Allegations Against DAV College Employees
The Directorate of Enforcement (ED), Dehradun, filed a prosecution complaint against the accused individuals, Mr. Piyush Chandra Bhatnagar and Mrs. Ranjana Rawat, before the Hon’ble Special Court (PMLA), Dehradun, on May 29, 2026, under the provisions of the Prevention of…
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