The Kurnool District Consumer Disputes Redressal Commission has directed HDFC ERGO to settle a ₹1 crore accidental death claim after ruling that the insurer failed to establish deliberate income concealment in a case where the policyholder died in a road…
Delay in income tax refunds can be caused by administrative errors, verification issues, or mismatched records. Learn how to check your return status and ensure smooth processing. If your income tax refund has not reached your bank account after filing…
A busy September 2026 presents a complex array of statutory obligations for one-person companies, highlighting the need for careful planning and adherence to avoid penalties. September 2026 brings a crowded run of statutory deadlines for one-person companies, with obligations spanning…
With over 7 crore income tax returns filed ahead of the August 31 deadline, Indian taxpayers, especially crypto traders, must navigate stricter reporting requirements and increased scrutiny for assessment year 2026-27. India’s tax department said more than 7 crore income…
Taxpayers in India with non-audit income have until December 31, 2026, to file belated returns, while those with audited accounts face later deadlines, amidst guidance on how to navigate the extended timelines. India’s August 31 income tax return deadline mainly…
India’s tax authorities are expanding their scrutiny of large foreign transfers, focusing on transactions that lack commercial credibility and proper documentation, amid a nationwide verification exercise targeting hundreds of entities. Tax officials are widening their scrutiny of cross-border payments after…
India’s securities regulator AIims to exempt eligible listed companies from appointing merchant bankers for certain small private debt issues, potentially reducing costs and increasing speed of fundraising amid market constraints. India’s markets regulator has proposed easing a key requirement for…
The Employees’ Provident Fund Organisation has upgraded its portal to offer online management of key member services, reducing the need for regional office visits and simplifying claims processing with a centralised, self-service platform. The Employees’ Provident Fund Organisation has moved…
The Mumbai bench of the Income Tax Appellate Tribunal rules that the tax authorities must specify the exact statutory violation before cancelling a charitable trust’s registration, reinforcing the need for clarity and fairness in tax proceedings amid ongoing disputes over…
Legal heirs must now navigate a more structured process to settle the income tax obligations of deceased taxpayers, including registering on the tax portal, handling notices, and protecting estate assets to avoid further liabilities. Death does not end a taxpayer’s…
The Pune Bench of the Income Tax Appellate Tribunal clarifies that cooperative societies can seek Section 80P deductions during assessment proceedings for 2015-16, reaffirming the prospective nature of the Section 80AC amendment introduced in 2018. The Pune Bench of the…
India’s section 44AD simplifies tax compliance for eligible small businesses, encouraging voluntary compliance through presumptive income schemes and relaxed audit norms while cautioning on strategic choices ahead of FY 2026-27. Section 44AD of India’s Income Tax Act is designed to…
