Shah Vs. Deputy Commissioner of Income Tax (DCIT), ruled on the disallowance of a deduction under Section 80-IA due to the delayed filing of Form 10CCB. The case stemmed from the Centralized ...
If you pay health insurance premiums for your parents, you can claim an additional tax deduction of Rs 25,000 if they are ...
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Is Form 16 necessary for ITR filing? What to do if you don't have it?Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...
ITR Filing 2025: How many times can taxpayers switch between new and old tax regimes? Know the rules
If you want to choose the old tax regime, you must do so before the ITR filing deadline under Section 139(1) of the Income Tax Act. According to the Income Tax Department, taxpayers who do not require ...
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...
Wopke Hoekstra implored US officials to ‘truly look into the facts’; in other news, the EU Council has reached a political ...
Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...
From April 1, key tax changes include higher TDS limits, increased TCS exemption for foreign remittances, no TCS on business ...
The US president’s flippant approach to international trade will cause chaos for corporations, but there are opportunities ...
April 15 is the drop dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are ...
Bombay High Court has quashed a notice of reassessment issued to Hindustan Lever Ltd. under Section 148 of the Income-tax Act, 1961, for the assessment year 1997-98. The court determined that the ...
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