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...
The CBDT issued a notification amending the Income-tax Rules, 1962, introducing the Income-tax (Seventeenth Amendment) Rules, 2025, effective retrospectively from 1st April, 2025. The amendment specifically modifies Appendix II, substituting FORM ITR-V with a new version. The notification, issued under sections 139 and 295 of the Income-tax Act, 1961, includes an explanatory memorandum certifying that no taxpayer will be adversely impacted by the retrospective implementation. The amendment was officially published by the tax policy and legislation under secretary, with formal legal authorization from the Ministry of Finance.
The CBDT issued a notification amending the Income-tax Rules, 1962, introducing the Income-tax (Seventeenth Amendment) Rules, 2025, effective retrospectively from 1st April, 2025. The amendment specifically modifies Appendix II, substituting FORM ITR-V with a new version. The notification, issued under sections 139 and 295 of the Income-tax Act, 1961, includes an explanatory memorandum certifying that no taxpayer will be adversely impacted by the retrospective implementation. The amendment was officially published by the tax policy and legislation under secretary, with formal legal authorization from the Ministry of Finance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
