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Key Takeaways from the OECD Consultation Draft on Intra-Group Services

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My Tax Expert
16/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 91
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Key Takeaways from the OECD Consultation Draft on Intra-Group ServicesThe OECD’s proposed revisions to Chapter VII of the Transfer Pricing Guidelines represent an important development for multinational enterprises, ev...

Legal Position of Unabsorbed Depreciation under the Income Tax Act, 2025 – A Paradigm Shift in Indian Tax Law?

Author
My Tax Expert
15/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 213
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Legal Position of Unabsorbed Depreciation under the Income Tax Act, 2025 – A Paradigm Shift in Indian Tax Law? IntroductionThe treatment of unabsorbed depreciation has historically been one of the most taxpayer-f...

CBDT Notifies Mandatory Scrutiny Cases for FY 2026-27: Key Categories Every Taxpayer and Professional Should Know

Author
CA DR Vinay Mittal
15/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 296
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CBDT Notifies Mandatory Scrutiny Cases for FY 2026-27: Key Categories Every Taxpayer and Professional Should KnowThe Central Board of Direct Taxes (CBDT), vide Circular No. F.No.225/56/2026/ITA-II, has prescribed the ...

Income-tax (Amendment) Ordinance, 2026: Major Tax Relief for Foreign Investors in Indian Government Securities

Author
My Tax Expert
15/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 115
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Income-tax (Amendment) Ordinance, 2026: Major Tax Relief for Foreign Investors in Indian Government SecuritiesIntroductionIn a significant move aimed at enhancing India's attractiveness as a global investment destinati...

आयकर रिटर्न दाखिल करते समय बरतें विशेष सावधानी : छोटी गलतियाँ बन सकती हैं टैक्स डिमांड, ब्याज एवं नोटिस का कारण Income Tax Return Filing: Minor Mistakes May Result in Tax Demands, Interest Charges, and Scrutiny Notices – Exercise Due Care

Author
CA DR Vinay Mittal
14/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 1292
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आयकर रिटर्न दाखिल करते समय बरतें विशेष सावधानी : छोटी गलतियाँ बन सकती हैं टैक्स डिमा...

CBDT e-Filing – ITR-2 Validation Rules (AY 2026-27)

Author
My Tax Expert
03/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 429
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CBDT e-Filing – ITR-2 Validation Rules (AY 2026-27) (For income earned during FY 2025-26)Version 1.0 | Dated: 26 May 2026ImportantValidation failures are treated as Category A Errors. If any such error exists, ITR-...

M/s Jewellers Om Prakash & Anr. vs Chief Commissioner of Income Tax, Delhi VIII & Ors. | Waiver of Interest u/s 220(2A) Income Tax Act Allowed Due to Departmental Delay and Wrongful Retention of Seized Jewellery

Author
My Tax Expert
03/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 153
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Facts of the CaseThe petitioners, a partnership firm engaged in jewellery business and one of its partners, challenged the orders passed by the Chief Commissioner of Income Tax rejecting their application for waiver of...

Framing an Income Tax assessment order

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Ram Dutt Sharma
21/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 448
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Framing an Income Tax assessment orderFraming an income-tax assessment order means drafting a legally sustainable speaking order after examining the return, books of account, evidence, replies, and applicable law. Under ...

Unreasonable payment to Related Person [Section 40A(2) of the Income-tax Act, 1961]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 1948
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Unreasonable payment to Related Person [Section 40A(2) of the Income-tax Act, 1961]The section 40A(2) of the Income Tax Act, 1961 provides that, where the assessee incurs any expenditure, in respect of which payment is m...

Rectification of Mistake – Queries and their Answers [Section 154]

Author
Ram Dutt Sharma
09/05/2026  |  1 COMMENTS  |  VISITOR'S COUNT: 1217
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Rectification of Mistake – Queries and their Answers [Section 154]Section 154 is in itself a complete code governing the filing of rectification petitions with the intent to cure the mistake/error/omission apparent fro...