Tax, GST & finance, explained clearly.
Original coverage of Indian tax rulings, GST changes, compliance deadlines and money decisions — distilled into plain English by the Bluman editorial desk.
Gold Ownership at Home: What the 500g, 250g, and 100g Limits Really Mean for Seizure During Income Tax Searches
There are no statutory limits on gold you can own: 500g, 250g, and 100g are operational no-seizure guidelines, not legal caps. Source of acquisition is key during tax raids, or severe penalties apply.
6 Sept 2026 · 3 min read
Tax Audit Under Section 44AB: Who Needs an Audit, Limits, Forms and Penalties for FY 2025–26 (AY 2026–27)
Section 44AB tax audit: turnover and receipt limits, cash transaction rules, forms, due dates and penalties for businesses and professionals in FY 2025–26 (AY 2026–27).
5 Sept 2026 · 3 min read
Estimating Pension Increases for Level 7 Employees Under the 8th Pay Commission
As the 8th Pay Commission consultations start, Level 7 central government employees and pensioners could see their minimum basic pension rise—possibly up to Rs 58,000—depending on the new fitment factors and recommendations made.
5 Sept 2026 · 3 min read
TDS on Rent: Can a Landlord Lose Tax Credit if Tenant Fails to Deposit TDS?
If your tenant deducts TDS on rent but fails to deposit it, ITAT Delhi says you can’t be denied credit. Here’s what landlords and tax professionals need to know.
5 Sept 2026 · 4 min read
Income Tax Return Deadline for Audit Cases in AY 2026-27: Who Must File by October 31, 2026?
Many businesses and professionals have until October 31, 2026 to file 2026-27 ITRs—but only if their accounts require audit. Here’s who qualifies, thresholds, and audit-related procedures explained.
5 Sept 2026 · 3 min read
TDS Refunds After Reassessment: Can You Claim Excess TDS in Returns Filed Under Section 148?
Taxpayers filing returns in response to section 148 (reassessment) notices can claim excess TDS refunds; ITAT Delhi clarifies that refund rights arise even when the original return was not filed under section 139.
5 Sept 2026 · 4 min read
TDS Applicability on Joint Property Purchases: Delhi ITAT Clarifies ₹50 Lakh Threshold Applies Per Buyer
The Delhi ITAT has held that the TDS threshold of ₹50 lakh under Section 194-IA applies to each joint-buyer’s share, not the property’s total value. Buyers whose individual share is under ₹50 lakh need not deduct TDS.
5 Sept 2026 · 3 min read
No Penalty Under Section 270A for Voluntary Withdrawal of Deduction Claim After Reassessment Notice: ITAT Ahmedabad
The ITAT Ahmedabad has held that penalty under section 270A cannot be imposed when an assessee withdraws a deduction claim and pays all taxes after reassessment notice, provided no further addition is made.
5 Sept 2026 · 3 min read
FADS 2026: India’s One-Time Window for Regularising Unreported Foreign Assets and Income
FADS 2026 offers eligible taxpayers a single chance to regularise previously undisclosed foreign assets or income—here’s what you need to know about eligibility, categories, key compliance deadlines, immunity scope, documentation, and process.
5 Sept 2026 · 4 min read
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