Tax Guru

Income Tax Form 28: Accountant’s Report for Slump Sale Capital Gains U/s 77(4)

This article explains the requirement to file Form 28 under Section 77(4) for slump sale transactions. The key takeaway is that filing is compulsory for capital gains ...
The Financial Express

1.2 mn fewer assesses report nil tax liability

Government data shows shrinking nil-tax filer base as enforcement, PAN-Aadhaar linkage and data analytics expand India’s ...
Tax Guru

Income Tax Dept Flags High-Risk Transactions for Reassessment Action – Sections 148/148A

The department has identified high-risk cases through its Insight Portal for AYs 2022-25. It directs officers to initiate reassessment proceedings based on risk analysis, emphasizing data-driven ...

Equity shares received by private trust for relatives’ benefit is exempt from income tax, ITAT Chennai rules

A private trust received shares worth Rs 15.78 crore from its creator for family benefit. The Income Tax Appellate Tribunal ...

KFF says ACA enrollees are cutting food to keep insurance

A new survey exposes the painful tradeoffs millions of Americans face after enhanced premium subsidies expired at the end of ...
The NationOpinion

Have You Paid Your “Intuit Tax”?

Oligarchs have hidden levers to impose private taxes on the rest of us. They use their wealth and clout to snuff out ...