News

The appellate authority recently passed a judgement in favour of a case of rebate under Section 87A on special income under the New Tax Regime.

Rebate under Section 87A on Special Income under New Tax Regime

CBDT has advised all taxpayers to thoroughly assess their foreign income and assets and accurately report them in their Income Tax Returns (ITRs) while filing.

CBDT advises Taxpayers to carefully report their Foreign Income and Assets in ITR

The Income Tax Department recently sent a huge amount Tax Notice worth Rs.114 Crore to a daily wage earner who earns a minimum of Rs. 400 per day.

Tax Department sent Rs.114 Crore Income Tax Notice to Daily Wage Earner of Rs.400

Notifications

CBDT has issued notifications under Section 10(46) of the Income-tax Act of 1961 to grant income tax exemption to specified income of legal and aviation sectors from taxation.

CBDT allows Income Tax Exemptions to Legal Services and Aviation Bodies

The Income Tax Department has given noitces to at least 400 individuals who have not revealed their assets abroad.

Foreign Assets Abroad under Income Tax's Scanner; Notices issued to 400 Individuals

CBDT has mandated specified forms in Appendix II to be filed electronically under sub-rule (1) and sub-rule (2) of Rule 131 of the Income Tax Rules 1962 via issuing a notification.

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Rebate under Section 87A on Special Income under New Tax Regime

CBDT advises Taxpayers to carefully report their Foreign Income and Assets in ITR

Tax Department sent Rs.114 Crore Income Tax Notice to Daily Wage Earner of Rs.400

CBDT allows Income Tax Exemptions to Legal Services and Aviation Bodies

Foreign Assets Abroad under Income Tax's Scanner; Notices issued to 400 Individuals

CBDT Mandates Electronic Filing of Specified Forms Under Rule 131 [Read Notification]