The Supreme Court, while determining a tax matter, observed that the undisclosed income, under Section 271AAA(1) of the ...

Income Tax Appellate Tribunal (ITAT) Mumbai allowed an appeal filed by Hotel Deepak against an order of the Commissioner of Income Tax (Appeals) ...

In the matter abovementioned ITAT allowed the appeal of the assessee after deleting the addition made u/s 68 after observing the fact that assessee had filed relevent details during assesssment.

Presently, technology has changed the way people pay taxes and file return of income. There is also a system where ITR forms are pre-filled based on data available to the tax department from various ...

The post Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year appeared first on Real Estate News & ...

Everything you need to know about the prospective partnership between European football's governing body and the American ...

and formulas to explain tax provisions to make it easier for individuals and businesses to interpret. By simplifying tax laws, the Income-tax Bill 2025 will allow businesses to focus more on ...

To ensure greater clarity, the bill also includes tables, examples, and formulas to explain tax provisions to make it easier for individuals and businesses to interpret. By simplifying tax laws, the ...

However, there are concerns, too. Budget Allocations Explained: It is an open question whether income tax cuts for those earning five to six times more than the average Indian is the best way to use ...

India’s tax laws are set for a major overhaul with the government expected to introduce a new Income Tax Bill in Parliament on February 13, 2025. If approved, the Income Tax Act, 2025, will replace ...

What is the New Income Tax Bill? The New Income Tax Bill 2025 is a proposed legislation aimed at simplifying and modernizing India's income tax system. The bill focuses on several key reforms ...

New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act. The bill seeks to simplify tax laws while ...