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 ...

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 ...

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

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 ...

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 ...

Andhra Pradesh's government has unveiled its vision for Swarna Andhra Pradesh 2047, emphasising advances in deep tech and transforming Visakhapatnam into a global data hub.

This is the hilarious moment a tourist was sent on a wild ride in Heilongjiang, China on November 11, when the ostrich she was sitting on suddenly began running away. She was thrown off, but not only ...

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 ...

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 ...

The changes involve simplifying the language and rationalizing information by using formulas and tables, and no adjustments to tax rates and policy ...