News

Finance Minister Nirmala Sitharaman is expected to propose a bill for a new direct tax law during the budget session, with a focus on simplifying rules.

Government plans to propose a New Income Tax Bill during Budget Session

Articles

The Income Tax Act allows three types of deductions from salary income, i.e., Standard Deduction, Deduction for Entertainment Allowance, and Deduction for Professional Tax

Understanding the Key Deductions for Salaried Employees

Judgement

The Bombay High Court verdict delayed again in respect of Income tax rebate under Section 87A issue.

Income Tax Rebate Issue: Bombay High Courts verdict delayed again

There are the various compliances on TDS on Purchase of Property from NRI

TDS on Purchase of Property from NRI

The Income Tax E-filing portal has updated the income tax utility for filing of ITR-U for FY 2024-25.

Income Tax Utility updated for ITR-U Filing for AY 2024-25

The Last to file belated and revised ITRs is 15th January 2025 i.e. today. But if you can't file the belated or revised return then you can go for the updated ITR.

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Government plans to propose a New Income Tax Bill during Budget Session

Understanding the Key Deductions for Salaried Employees

Income Tax Rebate Issue: Bombay High Courts verdict delayed again

TDS on Purchase of Property from NRI

Income Tax Utility updated for ITR-U Filing for AY 2024-25

Could not file Revised/Belated Return, Know the Scope of ITR-U