Delhi ITAT held that disallowance under Section 14A cannot be made without Assessing Officer recording satisfaction about correctness of assessee’s claim. Since no such satisfaction was recorded, ₹25.

While many taxpayers have already received their refunds, several are still waiting and wondering why the amount hasn’t been ...

Income tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From ...

Analysts expressed cautious optimism, with several focusing on the timing and execution of credit monetization, refinancing, and the India IPO. The tone remained largely constructive, with pressing ...

While gifting wealth-creating assets is thoughtful, and often tax-efficient in the long run, it’s important to be mindful of ...

Public Provident Fund (PPF) is not just a tax-free savings scheme. By extending the account after the initial 15-year lock-in ...

LIC posted a 32% YoY profit jump to Rs 10,053 crore in Q2 FY26, with Net Premium Income rising 5.4% to Rs 1.26 lakh crore.

Report projects InvIT market to triple to Rs 21 lakh crore by 2030, driven by infrastructure reforms, regulatory clarity, and ...

The redemption has been permitted today, November 6 and the price has been fixed at Rs 12,066 a unit, which is 316.78% gain ...

On average, approximately 75% of distributions are taxable (primarily interest and dividends), while approximately 25% are ...

In Maharishi Education Corporation (P.) Ltd. vs ITO, the Delhi Bench (SMC) of the ITAT held that Section 115BAA overrides all other provisions of the Income-tax Act and that its operation is not ...

Bank deposits underpin much of India’s economic architecture—from part financing government budgets to priority-sector ...