Judgement

High Court in Appeal Reaffirms Section 14A Disallowance; Inapplicable When No Exempt Income Earned

HC: No Substantial Question of Law Arises in Revenue’s Section 14A Appeal

Articles

More than 9.19 crore ITR are filed in FY 2024-25. however, Only 6.72 crore ITRs were filed in FY 2020-21. Below are listed the Benefits of filing ITR even if you have no tax liability.

I don't have Tax Liability: Should I still file my ITR?

Notifications

The Central Board of Direct Taxes notifies bonds issued by IREDA as long-term specified assets under section 54EC of the Income Tax Act 1961 enabling tax exemption on capital gains.

CBDT Notifies Bonds Issued by IREDA as Long Term Specified Assets Under Section 54EC

The court stated that it is the responsibility of the petitioner to reach out to their auditor periodically and monitor the notices.

Income Tax: Madras HC Quashes Faceless Assessment for Petitioner's lack of Awareness

HC sets aside Section 153C notices; rules for seized documents from FY 2013-14 are irrelevant for AYs 2015-16 to 2020-21

HC Quashes Section 153C Notices for Years Unconnected to Seized Documents

The government has approved ‘IQRAA International Hospital and Research Centre’ for ‘Scientific Research’ under the category of ‘Other Institution’ under Section 35.

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HC: No Substantial Question of Law Arises in Revenue’s Section 14A Appeal

I don't have Tax Liability: Should I still file my ITR?

CBDT Notifies Bonds Issued by IREDA as Long Term Specified Assets Under Section 54EC

Income Tax: Madras HC Quashes Faceless Assessment for Petitioner's lack of Awareness

HC Quashes Section 153C Notices for Years Unconnected to Seized Documents

Government Approves IQRAA International Hospital for Tax-Exempt Scientific Research Under Section 35