It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...

ITAT Mumbai held that additional claim of deduction of bad debts under section 36 (1) (vii) of the Income Tax Act filed during the course of assessment other than filing a revised return is allowable.

Aimed at enhancing efficiency, accessibility, and user experience, EPFO 3.0 is set to transform the way employees manage ...

Submitting tax-saving proofs on time not only reduces TDS but also streamlines your tax compliance. While the new tax regime ...

As the country keenly awaits February 1st, the most treaded class in the economy, the middle class is waiting for the ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

The captioned appeal has been filed at the instance of the Assessee against the order dated 05.04.2024 passed by the National Faceless Appeal Centre (NFAC)/CIT (A), arising in the matter of penalty ...

Taxpayers remain unable to claim the Section 87A rebate on STCG income due to outdated ITR processing logic, even after ...

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...