EaseValueNRI Selling Property in India: Tax, TDS & How to Avoid Over-Deduction (2026)
When an NRI sells property in India, the buyer must deduct TDS on the sale value — often far more than the actual tax. Here is how the tax really works and how to stop the over-deduction.
How to Reply to a Section 143(2) Scrutiny Notice (2026)
A Section 143(2) notice means your return has been picked for scrutiny. Here is the time limit, what limited vs complete scrutiny means, and exactly how to reply under the faceless system.
Section 148 Reassessment Notice: The Complete 2026 Defence Guide
A Section 148 notice reopens a past assessment year. Here is exactly how the 148A procedure works in 2026, the reopening time limits, and the grounds on which an invalid notice can be quashed.
Income Tax e-Proceedings 2026: Online Notice Response Guide
Income Tax Department has made it easier for taxpayers to handle tax notices through e-Proceedings on the e-Filing portal (June 2026 update). This digital system allows you to view and respond to notices electronically without visiting tax offices.
Section 80C Tax Deduction 2026: Post Office Schemes Qualifying List
Post Office small savings schemes remain popular for tax-saving investments in 2026. This recent update clarifies which schemes qualify for Section 80C deduction and helps you plan your AY 2026-27 tax strategy.
ITAT Ruling 2026: Section 263 Revision Invalid on Unclaimed Deductions
In a recent June 2026 ITAT ruling, the tribunal held that a PCIT cannot initiate revision under Section 263 for alleged illegal commission expenditure when the taxpayer never actually claimed such deduction in their return. This is critical protection for taxpayers facing unfounded assessment actions.
ITAT Deletes Capital Gain: Revenue Must Prove Ownership 2026
In a major win for taxpayers, ITAT has ruled that the Revenue cannot add capital gains if it fails to prove actual ownership of the property. This June 2026 judgment clarifies crucial documentation requirements under Income Tax Act 2025.
Income Tax Practitioner Registration 2026: One-Year Practice Rule Explained
The Madras High Court has clarified that the one-year practice requirement under Rule 257 is only for formal registration as an Income Tax Practitioner, not a bar to representation rights under Section 515 of the Income Tax Act 2025. This recent June 2026 judgment is crucial for aspiring tax professionals.
ITAT Transfer Pricing Ruling 2026: ₹61.22 Cr TP Adjustment Deleted
In a significant June 2026 ruling, ITAT Mumbai has deleted a ₹61.22 crore transfer pricing adjustment after finding identical facts to an earlier assessment year. The tribunal affirmed that unreversed coordinate bench decisions remain binding even when High Court appeals are pending.
Section 69 Addition Deleted 2026 - Property Investment Year Rules
In a significant ITAT Ahmedabad ruling from June 2026, unexplained property investments under Section 69 can only be added to income in the year the investment is actually made. This decision provides critical relief for taxpayers facing additions in different assessment years.
TP Adjustment Deleted Under Section 80-IA(10) 2025-26 | ITAT Ruling
In a significant June 2026 ITAT ruling, transfer pricing adjustments under Section 80-IA(10) have been set aside for failure to establish statutory conditions and profit shifting. This is critical for businesses claiming deductions under Section 80-IA during AY 2025-26.
ITAT Section 69A Remand 2026: Additional Evidence & Fresh DRP Adjudication
In a significant June 2026 ruling, ITAT Ahmedabad has remanded a Section 69A addition back to the DRP after admitting additional evidence on foreign remittances. This recent judgment clarifies that documentary proof of fund sources can overturn unexplained income additions.
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