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    Tag: Income tax update

    Shilpa Shetty Gets Partial Relief In Rs 12.5 Cr Gift Case as ITAT Says “Burden of proof rests on taxpayer”
    Shilpa Shetty Gets Partial Relief In Rs 12.5 Cr Gift Case as ITAT Says “Burden of proof rests on taxpayer”
    Other CourtsLatest news

    Shilpa Shetty Gets Partial Relief In Rs 12.5 Cr Gift Case as ITAT Says “Burden of proof rests on taxpayer”

    Shilpa Shetty secured partial relief as the Income Tax Appellate Tribunal ordered fresh examination of her Rs 12.5 crore gift dispute, directing the Assessing Officer to reassess evidence under Section 68 after granting opportunity to establish genuineness.

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    Income-tax Act 2025 to Replace Income-tax Act 1961 from April 1, 2026: Key Tax Changes Explained
    Income-tax Act 2025 to Replace Income-tax Act 1961 from April 1, 2026: Key Tax Changes Explained
    Legal updatesHeadlines

    Income-tax Act 2025 to Replace Income-tax Act 1961 from April 1, 2026: Key Tax Changes Explained

    From 1 April 2026, the Income-tax Act 2025 will replace the Income-tax Act 1961, introducing a unified Tax Year, revised return deadlines, extended revised-return timelines, changes in STT and TCS rates, updated buyback taxation, and new rules for perquisites and interest deductions.

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