ITAT found authorities erred by upholding CPC's denial of exemption solely because assessee filed ITR-7 instead of ITR-5. Ruling emphasizes that denying a just claim over procedural non-compliance ...

A father-son duo faced tax issues after jointly selling ancestral land. The purchaser erroneously deducted the entire TDS under the father's name, leading to a notice. The Income Tax Appellate ...

ITAT Hyderabad sent back the disallowance of Rs. 25.93 crore on pension bond adjustments and Rs. 21.92 crore on pension trust payments for verification due to contradictory claims and ITR reporting ...

While many taxpayers have already received their refunds, several are still waiting and wondering why the amount hasn’t been credited yet.

IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump ...

Hundreds of Buldhana police personnel get Income Tax notices for improper ITR filings. Bogus deductions and amended returns ...

The budget, should it pass the confidence vote the week of Nov. 17, will touch almost every taxpayer, and steers clear of ...

Husband staying in UAE gets Rs 80 lakh from brother-in-law by executing gift deed in USA, tax dept issues notice, wins case ...

Effective from 1st July 2017, it is mandatory to quote Aadhaar for the filing of IT Returns and also linking Aadhaar with PAN. However, many taxpayers were unable to link their Aa ...

Divorced wife files case for renewal of children passport without husband’s no-objection certificate, wins in Gujarat High ...

Legally bringing down Crypto Tax in India is simply a matter of knowing the rules, staying compliant, and having a clever mind. As an investor or as an active investor, taking small steps like keeping ...

Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Also, the revised norms for levy of 1 per cent TDS (tax deducted at ...