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In a historic milestone, the Tax Department of India processed over 1.62 crore Income Tax Returns (ITRs) in a single day for the Assessment Year (AY) 2024-25.

India Sets New Record: Tax Department Processes 1.62 Crore ITRs in a Single Day

Articles

A maximum rebate of Rs.25,000 is allowed to an individual under Section 87A if the total income does not exceed Rs.7,00,000. who is opting for the new tax scheme under Section 115BAC(1A).

Income Tax Rebate: A New Confusion for FY 2024-25

New Tax Regime introduced by FM in income tax in AY24-25 with various benefits like standard deduction, NPS deduction etc., Which regime is better old or new?

New Vs Old Income Tax Regime: Which one is better for Salaried Employee?

The term "advance tax" refers to income tax that must be paid in advance throughout the year, in installments, on the scheduled due dates set by the income tax department.

Tax Deadline: Advance Tax Payment Deadline extended to 16th December?

ITAT Mumbai decided that a Rs 3 crore gift from a Hong Kong-based hedge fund operator to his mother in Mumbai is legitimate and tax-free.

ITAT Mumbai ruled NRI’s Rs.3 Crore gift to Mom 'genuine', not 'taxable'

The Indian Overseas Bank announced that it has received an order confirming a refund of Rs.1,359.29 crore for the AY 2015-16 including interest.

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India Sets New Record: Tax Department Processes 1.62 Crore ITRs in a Single Day

Income Tax Rebate: A New Confusion for FY 2024-25

New Vs Old Income Tax Regime: Which one is better for Salaried Employee?

Tax Deadline: Advance Tax Payment Deadline extended to 16th December?

ITAT Mumbai ruled NRI’s Rs.3 Crore gift to Mom 'genuine', not 'taxable'

Indian Overseas Bank received Income Tax Refund worth Rs.1,359 Crore