Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
CBDT notified ITR-5 Form for Assessment Year 2025-26 through Income-tax (Fourteenth Amendment) Rules, 2025, effective from 1st April, 2025. The notification amends the Income-tax Rules, 1962 by substituting Form ITR-5 in Appendix-II. The amendment was issued under sections 139 and 295 of the Income-tax Act, 1961, with an explanatory memorandum certifying no adverse impact on taxpayers. The rules were published by the tax policy and legislation under secretary, with formal administrative implementation through standard governmental notification procedures.
CBDT notified ITR-5 Form for Assessment Year 2025-26 through Income-tax (Fourteenth Amendment) Rules, 2025, effective from 1st April, 2025. The notification amends the Income-tax Rules, 1962 by substituting Form ITR-5 in Appendix-II. The amendment was issued under sections 139 and 295 of the Income-tax Act, 1961, with an explanatory memorandum certifying no adverse impact on taxpayers. The rules were published by the tax policy and legislation under secretary, with formal administrative implementation through standard governmental notification procedures.
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