The Supreme Court of India refused to entertain the Income Tax Department's appeal against Xerox's Indian subsidiary due to a 290-day delay, highlighting the importance of timely litigation for India's investment climate....
Access the complete Income Tax Act, 1961, updated with amendments from the Finance Act, 2024. Available in PDF format on the Income Tax Portal, this resource is invaluable for taxpayers and tax professionals. Download now! ...
AY23 registered a substantial increase in both LTCG and STCG, reflecting favorable market trends....
Discover the latest enhancements in the ITR-3 utility, designed to simplify tax filing for individuals and HUFs. Explore error detection, auto-population features, and more for seamless compliance. ...
The Income Tax Department is launching a campaign to target individuals who haven't filed their income tax returns (ITR) despite meeting filing requirements....
The Income Tax Department has announced a positive development for individuals awaiting their income tax refunds....
The CBDT issued Corrigendum dated April 04, 2024 to Notification No. 02 of 2024 dated March 31, 2024 regarding the Time limit for verification of return of income after uploading....
The Income Tax Department has enabled Form 10IE for AY 2024-25 for filing on the income tax e-filing portal....
The income tax department has unearthed a scam involving the fraudulent use of permanent account numbers (PAN) to claim house rent allowance (HRA) without actual tenancy....
The Income Tax Department has published a revised TDS Rate Chart for the Financial Year 2024-25 (Assessment Year 2025-26). ...
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