News

NCERT’s new Class 9 textbook introduces income tax, personal finance, investing, saving and budgeting under the new tax regime.

NCERT Introduces Income Tax Lessons in Class 9, Students to Learn New Tax Regime, Tax Slabs and How to Calculate Tax Liability

Judgement

Delhi ITAT grants relief after an accountant mistakenly selected the old tax regime in the ITR despite the tax being calculated under the new regime.

Accountant’s Mistake in Selecting Old Tax Regime Cannot Trigger Extra Tax Burden, ITAT Directs Fresh Computation Under Section 115BAC

Delhi HC has prima facie allowed Supreme Court and High Court judges to treat certain statutory allowances as non-taxable receipts under the new tax regime.

Delhi High Court Allows SC and HC Judges to File or Revise ITR Under New Regime Without Listing Certain Allowances

The CBDT Office Memorandum on taxability of judges’ allowances has been challenged 

High Court Holds Judges’ Statutory Allowances Outside New Tax Regime

Articles

Taxpayers should not wait for a possible ITR deadline extension and should file early to avoid penalties, correct financial mismatches, and choose the right tax regime.

ITR Filing Deadline: Why Waiting for an Extension Could Cost You

ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.

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NCERT Introduces Income Tax Lessons in Class 9, Students to Learn New Tax Regime, Tax Slabs and How to Calculate Tax Liability

Accountant’s Mistake in Selecting Old Tax Regime Cannot Trigger Extra Tax Burden, ITAT Directs Fresh Computation Under Section 115BAC

Delhi High Court Allows SC and HC Judges to File or Revise ITR Under New Regime Without Listing Certain Allowances

High Court Holds Judges’ Statutory Allowances Outside New Tax Regime

ITR Filing Deadline: Why Waiting for an Extension Could Cost You

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation