Articles

The Income Tax Department has officially released the Offline Utility for ITR-2, AY 2025-26

ITR Filing 2025: ITR-2 Offline Utility Now Available for Filing for AY 2025-26

Notifications

Income Tax Dept has granted tax exemption to the Greater Ludhiana Area Development Authority under section (46A) (b) of the Income Tax Act

Income Tax Exemption Notification to Greater Ludhiana Area Development Authority [Read Notification]

Judgement

The Gujarat High Court observed that this was a genuine and bona fide error, and the company also paid taxes at the concessional rate of 22% and quashed the order.

HC Condones Delay in Filing Income Tax Form 10-IC Due to Bona Fide Error, Upholds Liberal Interpretation of “Genuine Hardship” Under Section 119(2)(b)

News

Around 40,000 taxpayers have revised their ITRs, withdrawing fake claims worth Rs. 1,045 crore after an AI-driven crackdown by the Income Tax Department.

Income Tax Fake Deductions: 40K Taxpayers Revised ITR to Withdraw Bogus claims of Rs 1045 Cr

The Income Tax Department has released the Income Tax Return (ITR) utility new codes under "Nature of Business/Profession" to improve developing sectors and activities.

ITR-3 Utility Updated: New codes added Under "Nature of Business/Profession"

ICAI has issued Memorandum of Suggestions on Income Tax Bill 2025, offering constructive feedback, proposed changes, and recommendations on the draft bill.

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ITR Filing 2025: ITR-2 Offline Utility Now Available for Filing for AY 2025-26

Income Tax Exemption Notification to Greater Ludhiana Area Development Authority [Read Notification]

HC Condones Delay in Filing Income Tax Form 10-IC Due to Bona Fide Error, Upholds Liberal Interpretation of “Genuine Hardship” Under Section 119(2)(b)

Income Tax Fake Deductions: 40K Taxpayers Revised ITR to Withdraw Bogus claims of Rs 1045 Cr

ITR-3 Utility Updated: New codes added Under "Nature of Business/Profession"

ICAI Releases Memorandum of Suggestions on Income Tax Bill 2025