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The CIT(A) concluded that the Centralized Processing Centre (CPC) were mistaken in limiting the rebate allowed under Section 87A. As a result, it approved the 87A rebate for special rate incomes.

CIT(A) Allows Rebate under Section 87A on Special Rate Incomes in Income Tax Appeal

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The Income Tax Bill 2025 was introduced, replacing the old Income Tax Act of 1961. This bill has made key changes in exemption of House Property Losses and Capital Gains.

Income Tax Bill 2025: Key Changes in House Property Losses and Capital Gains Exemption

The Indian middle class's already complicated relationship with income tax has taken an unexpected turn, with a recent viral post displaying a notice from the Income Tax Department.

Groceries and Restaurant Bills: Can Income Tax Notice demands Details of Haircut, Perfumes and Monthly Ration Cost?

The Income Tax Department is going to send notices to those individuals whose bank accounts show very low withdrawals, as per the sources.

Income Tax Department Investigates Low Bank Withdrawals and Suspicious Spending

The Bombay High Court has cancelled the notice of an income tax reassessment that was sent to pharmaceutical company Lupin Limited for the financial year 2016-17.

Bombay High Court Cancels Income Tax Reassessment Notice Against Lupin Ltd

The Delhi Court has cancelled an income tax reassessment notice that was sent to Maruti Suzuki India Limited (MSIL) for the year 2009-10.

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CIT(A) Allows Rebate under Section 87A on Special Rate Incomes in Income Tax Appeal

Income Tax Bill 2025: Key Changes in House Property Losses and Capital Gains Exemption

Groceries and Restaurant Bills: Can Income Tax Notice demands Details of Haircut, Perfumes and Monthly Ration Cost?

Income Tax Department Investigates Low Bank Withdrawals and Suspicious Spending

Bombay High Court Cancels Income Tax Reassessment Notice Against Lupin Ltd

Delhi High Court quashes Income Tax Reassessment Notice Against Maruti Suzuki