Income Tax
An Allahabad High Court judge has approached the court contesting the Income Tax Department's denial of exemptions on statutory allowances under the new tax …
Income Tax
The upcoming Parliamentary Monsoon Session will witness critical economic legislations including amendments to income tax laws and MSME regulations, signaling potential reforms in taxation …
Income Tax
India's taxation landscape has evolved dramatically from the Income Tax Act of 1961 to the proposed 2025 tax regime, simplifying structures while addressing modern …
Income Tax
Article 265 of the Indian Constitution establishes a fundamental principle: no tax can be levied or collected except by authority of law. Here's what …
Income Tax
From property tax deduction confusion to AIS mismatches, Indian taxpayers encounter several hurdles during ITR filing season. Understanding these common challenges can help you …
Income Tax
While income below the basic exemption limit is generally not taxable, certain circumstances make ITR filing mandatory regardless of your earnings. Understanding these rules …
Income Tax
IndusInd Bank's recent profit jump highlights the critical role loan-loss provisions and tax refunds play in banking profitability. Understanding these mechanisms helps investors and …
Income Tax
India's Income Tax Department is grappling with a massive workforce deficit of 26,997 officers and support staff, potentially impacting tax collection efficiency and taxpayer …
Income Tax
An Allahabad High Court judge has contested the income tax department's denial of exemptions under the new tax regime, highlighting the complexities taxpayers face …