Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
CBDT issued Notification No. 41/2025 amending Income-tax Rules, 1962, introducing revised ITR-3 Form for Assessment Year 2025-26. The amendment, effective from 1st April 2025, modifies Appendix II by substituting the existing ITR-3 Form with a new version. The notification was issued under sections 139 and 295 of Income-tax Act, 1961, with an explanatory memorandum certifying no adverse impact on taxpayers. The amendment was published by the Under Secretary of Tax Policy and Legislation, providing procedural updates for income tax filing requirements.
CBDT issued Notification No. 41/2025 amending Income-tax Rules, 1962, introducing revised ITR-3 Form for Assessment Year 2025-26. The amendment, effective from 1st April 2025, modifies Appendix II by substituting the existing ITR-3 Form with a new version. The notification was issued under sections 139 and 295 of Income-tax Act, 1961, with an explanatory memorandum certifying no adverse impact on taxpayers. The amendment was published by the Under Secretary of Tax Policy and Legislation, providing procedural updates for income tax filing requirements.
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