Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

Australia’s conservative opposition will repeal controversial tax agent reporting rules if elected in the country’s May general election ...

To assist taxpayers prevent errors, the following factors are essential to keep in mind while submitting an Individual Tax ...

Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than ...

If you believe the outstanding tax demand is incorrect, you should furnish an appropriate response online through the ...

In the case of Optra Health Private Limited vs. ACIT, the Bombay High Court addressed an issue stemming from a mismatch be-tween the name used in the income tax return (ITR) and the company’s updated ...

To ensure a smooth and error-free ITR filing process, it's essential to keep all the necessary documents handy beforehand.

Gone are the days when unreported cash dealings could escape the eyes of the Income Tax Department. In its latest drive against tax evasion, the department has tightened its grip on high-value cash ...

Under the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much ...

However, the Patna High Court distinguished this case, noting that the AO had recorded detailed reasons and that the Commissioner’s written satisfaction referenced those reasons. It ruled that while ...

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and ...

Section 245 empowers the department to adjust the refund due for the current year against any outstanding tax demand from previous years ...