Delhi High Court held that reasonable payment for services rendered to persons specified u/s. 13 (3) of the Income Tax Act by the trust is justifiable and such payment wouldn’t fall within the ...

“If you’ve switched jobs during the financial year, failing to address key tax tasks could lead to unwanted surprises when it ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...

NMCG, facing tax demands amounting to Rs 243.74 crore, had contested the I-T department’s assessment orders. The relief comes ...

In the case of Arti Dhall vs DCIT, the Income Tax Appellate Tribunal (ITAT) Delhi ruled on an appeal concerning the validity of an assessment order passed under section 143(3) of the Income Tax Act ...

The delay in notifying the ITR forms and releasing their utilities for AY 2025-26, despite no major structural amendments in ...

However, the process is yet to commence, as the Income Tax Department has not officially notified the ITR forms required to ...

The Income Tax Department is expected to soon release the online ITR forms, which will officially open the e-filing process.