The Election Commission has announced the dates for the Delhi Assembly elections. Voting will be held on February 5 while results will be declared on February 8.

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

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Taxpayers remain unable to claim the Section 87A rebate on STCG income due to outdated ITR processing logic, even after recent updates to filing forms by the Income Tax Department.

Conclusion: The matter was remanded back to AO to review the non-taxability of interest from Fixed Deposit Receipts (FDRs) as ...

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 ...