Not getting an income tax refund due to TDS mismatch in Form 26AS? A new Allahabad High Court ruling may work in your favour. The Allahabad High Court has issued a ruling on October 8, 2025, clearly ...
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Income tax forms to be renumbered from April 1, 2026: Form 16 becomes 130, 26AS renamed 168
Major changes are on the horizon for taxpayers as the government prepares to implement the new income tax framework from April 1, 2026. Under the proposed Income Tax Act, 2025 and Draft Income Tax ...
Bad Debts Allowed on Write-off, 26AS Mismatch Cannot Trigger Addition: ITAT Dismisses Revenue Appeal
The Revenue challenged allowance of bad debts due to lack of NCLT evidence. The Tribunal held that post-amendment law ...
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