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.
Gujarat High Court Clarifies: NRE Account Remittances from Abroad Not Taxable under Sections 68 and 69
The Gujarat High Court has ruled that funds received from abroad into NRE accounts via proper banking channels and in compliance with RBI guidelines are not taxable as unexplained cash credits or investments under Section 68 or 69.
5 Sept 2026 · 4 min read
What Dr. Aniruddha Malpani’s Rs 58 Crore Tax Payment Reveals About India’s Tax System
A prominent doctor’s public disclosure of a Rs 58 crore tax payment on Rs 149 crore income has ignited a debate: do India’s taxpayers get real value for the taxes they pay, and what does this case expose about the system?
5 Sept 2026 · 3 min read
TDS on Purchase of Goods Above Rs 50 Lakh: Key Compliance Requirements Under the Income-tax Act, 2025
Businesses with turnover above Rs 10 crore must deduct TDS at 0.1% on goods purchased from resident sellers exceeding Rs 50 lakh. Higher rate applies if seller lacks PAN. Compliance rules, examples and penalties explained.
4 Sept 2026 · 4 min read
When Must NRIs File Income Tax Returns in India? AY 2026-27 ITR Rules, Thresholds and Practical Guide
Learn when NRIs must file Indian ITR for AY 2026-27: income thresholds, mandatory situations, key deadlines, special DTAA and Section 115H rules, and practical tips.
3 Sept 2026 · 5 min read
Why ITAT Quashed a Penalty for Vague Notice Under Section 271(1)(c): What Taxpayers Must Know
The Delhi ITAT quashed a Section 271(1)(c) penalty where the notice failed to specify the alleged default—highlighting a key safeguard for all taxpayers facing penalty action.
3 Sept 2026 · 3 min read
ITAT Mumbai: Partners’ Capital Introduced in First Year Can’t Be Taxed as Unexplained Income if Properly Documented
The ITAT Mumbai held that introduction of partners’ assets or cash as capital in a firm’s first year cannot be deemed unexplained income if identity, genuineness, and creditworthiness are established, especially when assets are concurrently accepted for depreciation.
3 Sept 2026 · 4 min read
Income from House Property: What’s New and What Matters Under the Income Tax Act 2025
Understand provisions for taxing house property income under the Income Tax Act 2025 — from Gross Annual Value and deductions to rules for self-occupied homes, let-out properties, and affordable housing incentives.
3 Sept 2026 · 4 min read
Fake Income Tax Penalty Emails Target Taxpayers: How to Identify and Avoid This Scam
A phishing email scam impersonating the Income Tax Department threatens taxpayers with fake penalties and a 72-hour deadline. Learn how to spot, verify, and protect yourself from such fraudulent messages.
3 Sept 2026 · 3 min read
Claim Income Tax Refund for Unfiled ITR: Section 119(2)(b)
Taxpayers may claim an income tax refund even after missing the filing deadline by applying for condonation under Section 119(2)(b) of the Income-tax Act.
2 Sept 2026 · 2 min read
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