Articles

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

Income Tax Department Investigating Overstated Exemption Claims by Salaried Employees

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)

CBDT answers querys related to income tax disallowance of Penalty Settlements Under 4 Laws: SEBI, SCRA,  Depositories Act and Competition Act.

The Income Tax Department has announced some updates in the format of Form 16.