One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

Ambani’s legal team had previously moved a request on March 27 before the bench of Justices MS Sonak and Jitendra Jain, ...

Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...

Salaried individuals with an income of up to Rs 12.75 lakh will have no tax liability after accounting for a Rs 75,000 ...

The bank stated that a demand notice under Section 156 of the Income Tax Act, including Rs 243.02 crore in interest, was ...

After a long wait, the Senate is launching action on President Donald Trump's "big, beautiful bill" of tax breaks and ...

A division bench of Justices M S Sonak and Jitendra Jain remarked that the facility to seek urgent hearing cannot be invoked ...

We're told that "Liberation Day" tariffs on imports from around the world will raise $6 trillion in federal revenue over the ...