News

The government has withdrawn the Income Tax Bill 2025, introduced in the lower house of the parliament (Lok Sabha) on February 13, 2025.

Government Withdraws Income Tax Bill 2025; Revised Bill To Introduce on August 11

Articles

The bid value of Larsen & Tourbo was Rs 811.5 crore (excluding taxes), and the adjusted value was recorded at Rs 792.55 crore (excluding taxes).

PAN 2.0 Project: I-T Dept Selects LTIMindtree for Rs 811 Cr Project

Under Section 234F of the Income Tax Act, if taxpayers missed filing ITR they have to pay penalty of Rs 5,000 if their income is over Rs 5 lakh and Rs 1,000 if it's less than that.

Missed Filing ITR for Several years? There's Still a Second Chance to File ITR Again

Judgement

ITAT partly allows appeal against Section 68 addition of Rs.15.66 lakh by estimating 8% profit on ₹30 lakh turnover in scrap trading business

ITAT Estimates Profit @8%, Partly Allows Appeal Against Rs. 15.66 Lakh Cash Deposit Addition

Taxpayers will lose tax benefits allowed under old tax regime if they file belated ITR.

Filing Belated ITR? Here is Why You Should Always File Returns on Time

ITAT quashes 22.19 lakh penalty u/s 271(1)(c) after confirming capital gain as long-term and allowing exemption under Section 54F.

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Government Withdraws Income Tax Bill 2025; Revised Bill To Introduce on August 11

PAN 2.0 Project: I-T Dept Selects LTIMindtree for Rs 811 Cr Project

Missed Filing ITR for Several years? There's Still a Second Chance to File ITR Again

ITAT Estimates Profit @8%, Partly Allows Appeal Against Rs. 15.66 Lakh Cash Deposit Addition

Filing Belated ITR? Here is Why You Should Always File Returns on Time

ITAT Deletes Rs. 22.19 Lakh Penalty u/s 271(1)(c) After Deletion of Capital Gain Addition