Budget 2025 aims to simplify tax filing, reduce disputes, and foster a transparent, taxpayer-friendly system. The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's ...

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 ...

According to a report, Union Finance Minister Nirmala Sitharaman is set to announce an overhaul of the Income Tax Act of 1961 ...

Not filing an ITR on time can have numerous consequences, from penal interest and late fees to possible jail time. Meanwhile, if you file your return within the period for filing a belated return and ...

At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under section 87A, even if their income is below the basic exemption limit, as the ...

Kangana Ranaut Invites Priyanka Gandhi To Watch Her Film Emergency, She Says 'May Be' India Reports More HMPV Cases Amid COVID 2.0 Fear; Ex-WHO Chief Scientist Says 'Meaningless To...' ...

Sharmistha Mukherjee, daughter of former President Pranab Mukherjee, told India Today that the memorial controversy reflects ...

Taxpayers must note that the deadline for filing a belated income tax return or submitting a revised return for the ...

In the matter abovementioned ITAT deleted addition made on account of undisclosed cash deposits during demonetization period after observing that assessee has substantiate means of income for ...

ITAT Ahmedabad held that interest income earned from business activity is classifiable as business income and accordingly, relevant expenses allowed as deduction. Hence, appeal of the assessee allowed ...

Budget, FM Sitharaman implemented various modifications to the capital gains framework, tax deducted at source (TDS), and ...

India's government is set to simplify income tax filing rules to reduce disputes, streamline processes, and make tax ...