Relief for Patanjali Foods: Supreme Court quashes Rs 186 crore tax demand Patanjali Foods announced that the Supreme Court has quashed the Rs 1.86 billion tax demand imposed on the company. 1 year ago
Budget 2025: Rs 12 lakh annual income tax-free but you can’t include THESE incomes for benefit Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other categories… 1 year agoFebruary 8, 2025
Belated ITR Filing 2024-25: Don’t miss this new deadline! Check penalty, steps to file belated tax return Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns… 2 years ago
Taxpayers cheers! THESE 5 income tax rule changes make return filing easier now! Taxpayers, rejoice! These 5 major changes in income tax rules for 2024 simplify the process of filing income tax returns,… 2 years ago
What happens to assets seized by ED, DRI and Income Tax Department? Can govt dispose of them? The government manages seized assets under laws like PMLA, Customs Act, and Income Tax Act, with provisions for disposal to… 2 years ago
5 tax planning actions you must take before year-end! Proper tax planning not only helps you manage your tax outgo but also enables you to meet both short-term and… 2 years agoDecember 26, 2024
New PAN Card: Will your existing PAN become invalid? Do you need to pay for a new one? Govt clarifies all FAQs The PAN 2.0 project is an e-governance initiative aimed at re-engineering the business processes of taxpayer registration services. The Income… 2 years agoDecember 23, 2024
Income Tax Return: Miss THIS ITR filing deadline and you will be fined Rs 10000 File your ITR by Dec 31 to avoid a Rs 10,000 fine; missed July 31 deadline? Pay Rs 5,000 and… 2 years ago
Direct Tax Code 2025: Individuals earning up to Rs 15 lakh will benefit more from new tax laws, feel experts Direct Tax Code’s key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with… 2 years ago
Missed reporting foreign assets in ITR for AY 2024-25? File a revised return to avoid Rs 10 lakh penalty Income Tax Return Filing AY 2024-25: If you missed reporting foreign assets in your ITR for AY 2024-25, file a… 2 years ago
Key Income Tax Deadlines You Can’t Afford to Miss: Only a few days left! Avoid heavy penalties If you fail to pay taxes on time, it might lead to penalties as well as many problems. Being aware… 2 years ago
Relief to taxpayers! CBDT enables online mechanism to resolve income tax disputes – Details inside The e-Dispute Resolution Scheme (e-DRS) enables the taxpayer to file an application electronically for dispute resolution to the Dispute Resolution… 2 years ago
Income Tax Department among top Google Trends searches last week as many still await tax refunds The Income Tax Department topped in searches on Google Trends last week, as the tax department has yet to issue… 2 years ago
ITR 2024: Tax refund delayed? Defective income tax return could be the reason | Here’s what you should do ITR 2024 last date came to an end on July 31 after the Income Tax Department decided not to extend… 2 years ago
‘Outstanding tax demand of …’ makes you ineligible to travel overseas | Know all about Income Tax Clearance Certificate rules The Income Tax Clearance Certificate serves as a proof that an individual has fully discharged tax obligations and there is… 2 years ago
ITR processing delays: Reasons why your tax refunds are stuck and what you can do now One of the reasons for the delay in ITR processing is the type of ITR form chosen by the taxpayer… 2 years ago
Are taxpayers allowed to switch tax regime after mid-year budget changes? Many taxpayers are wondering whether they are allowed to switch their preferred income tax regime and avail new benefits announced… 2 years ago
Indexation benefits restored for properties bought before July 23! After backlash, govt makes THIS revision – Details The central government has moved an amendment to the Finance Bill, 2024, to allow people select either a 12.5% long-term… 2 years ago
New HRA claim rules under Income-tax Act 2025: Rent paid to relatives to face scrutiny – here’s what changes
Income tax notice to high earners: How a Rs 10.65 lakh wrong deduction triggered Rs 9.44 lakh demand and 200% penalty
Income Tax Refund scam alert: Fake refund message costs taxpayer Rs 1.5 lakh — Here’s how you can stay safe
Income tax alert: Many high earners above Rs 50 lakh a year under tax scanner for underreporting, exemption misuse
