Articles

Officials are directed to find the cases where LIFO has been used, as many jewellers are accused of wrongly benefiting from the increased price of gold to avoid tax payment.

Income Tax Department Starts Action Against Jewellers Using Accounting LIFO to Pay Less Tax

Judgement

ITAT Delhi upholds CIT(A) order deleting 11.23 crore addition, as amount pertained to capital goods of earlier year

ITAT Upholds Deletion of 11.23 Cr Addition on Trade Payables

Woman wins Mumbai ITAT case, legally avoids capital gains tax on Rs 6 crore property sale by reinvesting in husband’s name under Section 54 exemption.

Woman Sells Two Gifted Flats Worth Rs. 6 Crore and Pays No Tax on Capital Gain of Rs. 4.21 Crore [Read ITAT Order]

Know the income tax benefits and deductions under the New Tax Regime and the Old Tax Regime for FY 2024-25 and FY 25-26 as well

ITR Filing: Tax Deductions and Exemptions Under Old vs New Tax Regime

News

The Income Tax Department has enabled the ITR-3 form for filing online at the Income Tax Portal. Know who is eligible to file this form.

Good News for Taxpayers: ITR-3 Now Enabled for Online Filing at Income Tax Portal

The Income Tax Department has released the Excel Utilities for the taxpayers to file updated ITR-1 or ITR-2 forms for the Assessment Years (AYs) 2021-22 and 2022-23

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Income Tax Department Starts Action Against Jewellers Using Accounting LIFO to Pay Less Tax

ITAT Upholds Deletion of 11.23 Cr Addition on Trade Payables

Woman Sells Two Gifted Flats Worth Rs. 6 Crore and Pays No Tax on Capital Gain of Rs. 4.21 Crore [Read ITAT Order]

ITR Filing: Tax Deductions and Exemptions Under Old vs New Tax Regime

Good News for Taxpayers: ITR-3 Now Enabled for Online Filing at Income Tax Portal

Updated ITR Filing for AY 2021‑22 & 2022‑23 Now Possible:ITR Utilities Released