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ITR filing for FY 2024-25 is expected to begin soon, though the official due date is yet to be announced.

ITR Filing Due Date: What is Expected Due Date for ITR Filing? Any Declaration Yet?

Income Tax Department issues notices to salaried taxpayers regarding unrealistic exemption claims in ITRs, urging corrections and compliance.

The department is investigating tax returns where people are suspected of claiming unrealistic exemptions to reduce their taxes.

If taxpayers fail to file the ITR on time or do not file it at all, they may have to face the consequences of the late filing of the ITR.

ITAT allowed Section 54 capital gain exemption for sale of land with a temporary residential structure, ruling in favor of the assessee.

CDBT has notified Mysore Palace Board for Income Tax Exemption u/s 10(46)