Fake HRA claims under scanner as AI helps Income Tax catch mismatches fast

The Income Tax Department is using AI to detect fake rent receipts and HRA claims by matching Form 16, AIS, and 26AS data.
Tax Guru

ITAT Hyderabad: Section 10AA Deduction Allowed Despite Late ITR & Minor Form 56F Delay; Procedural Lapses Not Fatal

The issue was whether delayed filing of return bars deduction under Section 10AA. ITAT held that timely filing was not mandatory for the relevant years and allowed the ...
Tax Guru

Foreign Tax Credit Cannot Be Denied for Delay in Form 67 – ITAT Remands for Verification

The issue was denial of FTC due to delayed filing of Form 67. ITAT held that delay is procedural and directed authorities to grant credit after ...
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EPFO replaces forms 15G, 15H with form 121, what it means for PF subscribers

The Employees' Provident Fund Organisation (EPFO) has introduced a new compliance mechanism under the Income Tax Act, 2025, replacing the long-standing Forms 15G and 15H with a single, consolidated ...