Property bought for ₹48 lakh, stamp value ₹58.7 lakh: Why ITAT cancelled ₹70,700 tax penalty
A recent ITAT ruling emphasizes that property transactions below stamp duty value can trigger tax scrutiny. A Ghaziabad taxpayer faced…
Author: web@awazapki.com
Tax audit deadline 30 September: 5 things taxpayers should do as professionals seek more time
The tax audit deadline for AY 2026-27 is 30 September 2026, while professional bodies are seeking more time. Taxpayers should…
Missed ITR deadline and want to claim a refund? What happens if you have an outstanding tax demand
Missing the ITR filing deadline doesn’t negate the chance for a tax refund if excess tax was paid. But what…
Can legal heirs be liable for a deceased parent’s income tax dues? Experts explain
A parent’s death does not automatically erase income tax dues. Under Section 302 of the Income-tax Act, 2025, legal heirs…
Russia-Ukraine war: Moscow’s decree forces pvt businesses to opt for air-defense systems to defend against drone attacks
Ukrainian drone strikes are increasingly affecting Russia’s economy, prompting businesses to lease or build air-defence systems and hire guards to…
Crusoe abandons $1.25B plan to use Boom turbines at AI data centers
Boom Supersonic CEO Blake Scholl said its new stationary power plants were no longer in Crusoe’s near-term plans.
Automattic has a new board after failed attempt to put CEO on leave
After days of upheaval at Automattic, following a failed attempt to remove CEO Matt Mullenweg, the company has a new…
Unsecured OpenAI agents posted 53 user images on the internet without the lab’s knowledge
AI agents operating in OpenAI’s research environment posted user images on public image-hosting sites without the lab’s knowledge.
New York’s Nor’easter Threat Grows With Volatile Storm Track
A powerful coastal storm set to slam the Eastern Seaboard is threatening New York City with damaging winds and flooding…
Connor Nelson’s California apartment break-in: What happened and what we know so far
Navy sailor Connor Nelson returned to his California apartment after a 10-month deployment aboard the USS Abraham Lincoln, only to…