News

Smt. Nirmala Sitharaman, suggestions for taxes and duties will further simplify the tax code, encourage taxpayers to file their taxes voluntarily, and lessen legal disputes.

Budget 2023: Summary of Direct Tax Proposals

Today, the Modi government at the Center provided an update on a commitment made by senior citizens in their Income Tax Return.

Relief to Senior Citizens: Income Tax Rules Amended; Tax will not have to be paid

Articles

Economy is still recovering from COVID crisis, but simplifying LTCG may and should be addressed. As simplifying LTCG Tax litigation may provide more tax exemption in hand of Taxpayer.

Budget 2023: Govt needs to consider simplifying LTCG Tax to claim Tax Exemption on LTCG under Section 54F

ED investigation discovered that a mid-level IT employee was able to gain access to his superiors' computers and fabricate phoney tax deducted at source refunds.

IT Employee uses Seniors' login credentials; Siphons off Rs.263 crore on fake TDS Deduction

The Income Tax Department has enabled functionality for filing of rectification request in respect of orders passed by CsIT (Appeals).

IT Dept. enabled functionality for filing of rectification request in respect of orders passed by CsIT (Appeals)

Under Section 10(14) of the Income Tax Act, the government permits taxpayers to claim a tax deduction for tuition fee as a Children's Educational Allowance.

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Budget 2023: Summary of Direct Tax Proposals

Relief to Senior Citizens: Income Tax Rules Amended; Tax will not have to be paid

Budget 2023: Govt needs to consider simplifying LTCG Tax to claim Tax Exemption on LTCG under Section 54F

IT Employee uses Seniors' login credentials; Siphons off Rs.263 crore on fake TDS Deduction

IT Dept. enabled functionality for filing of rectification request in respect of orders passed by CsIT (Appeals)

Budget 2023: Will Govt. increase Income Tax Deduction Limit on Tuition Fees from Rs.200?