Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 ...

"This extension is to ensure that all taxpayers are eligible for the rebate under Section 87A.", the court said.

The new tax regime (NTR) lets you compute your income tax at a lower rate slab, but it renders you ineligible to claim most ...

Another thrilling episode of Parking Revenge! Witness double parking disasters, epic towing moments, and the ultimate justice ...

Public Provident Fund (PPF) is a government-backed investment option that offers tax exemption during investment, interest ...

Molly-Mae Hague reportedly bumped into Tyson and Paris Fury during a shopping trip this week. Footage appears to show ...

ITAT Delhi held that it is well settled principle of law that no addition can be made in unabated years in assessment u/s 153C of the Income Tax Act without any incriminating material. Accordingly, ...

A record 7.28 crore income tax returns were filed for AY 2024-25, reflecting a 7.5% rise from last year. The new tax regime ...

ITAT Chennai held that assessing authority cannot entertain the claim of deduction of expenditure since assessee has not furnished revised return. Accordingly, appeal of the assessee dismissed.

The year 2024 saw the Central Board of Direct Taxes (CBDT) prioritising the speedy processing of returns and refunds, with over Rs 2.35 lakh crore re ...

In countries such as the US, Bangladesh and Pakistan, among others, telecom operators are offering voice-only and SMS-only ...

Union of India [(2024) 461 ITR 423 (Mad)]. The question regarding validity of Circular was answered in Jain Metal case by holding that when the SETCOM itself was made inoperative with effect from Feb ...