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 ...

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 ...

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 ...

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

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 ...

ITAT Surat held that addition under section 68 of the Income Tax Act deleted since appellant has satisfactorily explained the nature and source of the credit. Accordingly, appeal allowed and addition ...

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 ...

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