Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
CBDT issued Income-tax (Sixteenth Amendment) Rules, 2025, amending Form ITR-6 in Income-tax Rules, 1962. The amendment takes effect from 1st April, 2025, with retrospective application. The notification, issued under sections 139 and 295 of Income-tax Act, 1961, introduces modifications to tax reporting requirements. An explanatory memorandum confirms no adverse impact on taxpayers. The amendment aims to streamline income tax documentation and reporting procedures for specified entities.
CBDT issued Income-tax (Sixteenth Amendment) Rules, 2025, amending Form ITR-6 in Income-tax Rules, 1962. The amendment takes effect from 1st April, 2025, with retrospective application. The notification, issued under sections 139 and 295 of Income-tax Act, 1961, introduces modifications to tax reporting requirements. An explanatory memorandum confirms no adverse impact on taxpayers. The amendment aims to streamline income tax documentation and reporting procedures for specified entities.
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