Does Tax Liability End After Death? Know the Rules for Legal Heirs What happens when a taxpayer dies? Does the tax liability end? After someone dies their tax obligations do not disappear after their death. Any income they earned up to that point is still considered taxable. If the taxpayer dies, the legal heir or…
ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal The ITAT Delhi dismissed the appeal of a salaried taxpayer who had failed to file his return for AY 2017-18 and challenged the addition of notional rental income from a vacant Hyderabad flat and the denial of a deduction under Section 80TTA….
5 Big ITR Changes Taxpayers Must Know Before Filing AY 2026-27 The Income Tax Department has opened online filing and released Excel utilities for ITR-1 and ITR-4, like every year, which allows many taxpayers to start the process before receiving Form 16 from employers, which usually arrives by mid-June. This year’s tax filing season comes…
High Court: Refund of GST Paid Twice Cannot Be Denied on Limitation; Article 265 Overrides Section 54 The petitioner, Rajendra Narayan Mohanty, was subject to a proceeding under Section 74 of the GST Act for the 2019-20 financial year after authorities noticed discrepancies in his returns. On February 8, 2021, the petitioner discharged the alleged…
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