4+ day, 7+ hour ago   (464+ words) Buying two separate flats does not necessarily mean losing the tax benefit available for investment in a residential house. The Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) in its recent ruling held that two flats in the same building…...

1+ week, 4+ hour ago   (469+ words) The 57th GST Council meeting, earlier scheduled for September 12, has been postponed to October 7 due to the BRICS summit being hosted by India in New Delhi, PTI reported, citing sources. The BRICS summit is scheduled for September 12-13 and is expected to…...

2+ week, 4+ hour ago   (558+ words) Before submitting the return, verify your PAN, Aadhaar details, name, date of birth, mobile number and email ID. Any mismatch in these details can create problems during ITR processing or verification. Also make sure you have selected the correct assessment year…...

2+ week, 5+ day ago   (371+ words) When the millennials first started entering the accounting profession at the very beginning of the century, hiring managers and firm partners were astonished to discover in salary negotiations and annual reviews that this new generation often brought up other priorities…...

2+ week, 6+ day ago   (447+ words) Accounting base salaries inched up again over the past year, while bonuses for lower-level employees decreased. Accounting Today and its parent company Arizent conducted our third annual salary survey, collecting responses from accountants from firms of all sizes regarding their…...

3+ week, 5+ day ago   (1346+ words) With the August 31, 2026, deadline for filing income tax returns for non-audit business and professional taxpayers approaching, taxpayers using ITR-3 and ITR-4 should ensure that their income, deductions, tax payments and other details are correctly reported before submitting the return. The…...

1+ mon, 9+ hour ago   (1513+ words) Filing an income tax return (ITR) does not always mean the tax-related process ends once the return is submitted. In some cases, taxpayers may receive an income tax notice, intimation or communication from the income tax department asking them to…...

1+ mon, 1+ week ago   (625+ words) The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026, to replace the Income-tax (Amendment) Ordinance, 2026, issued in June this year. The Bill introduces important amendments related to UPI payments, foreign investors, REITs and InvITs, electronics manufacturing, data…...

1+ mon, 1+ week ago   (200+ words) The Law Protects Equal Inheritance: The 44th Constitutional Amendment removed the right to property from the list of Fundamental Rights in 1978, but inheritance rights remain protected under law. Under the Hindu Succession Act, sons and daughters have equal rights in their…...

5+ mon, 1+ week ago   (883+ words) This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025....