Principle of Substantial Justice V/s Technical Consideration – Not Condoning Delay Would Amount to Legalising an Illegal ...

The first batch of 2024 income tax refunds worth $27.8 million has been released. The Department of Revenue and Taxation, together with the Department of Administration, announced the release of ...

Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt ...

ITAT Ahmedabad held that assessment order passed u/s. 143 (3) is neither erroneous nor prejudicial to the interest of revenue. Hence, revisionary jurisdiction u/s. 263 of the Income Tax Act not ...

The financial year 2024-25 is nearing its end, making March 31 a critical deadline for taxpayers. Failing to meet tax-related ...

VIA Taxation & Corporate Law Forum organized the 16th edition of Tax awareness program on “Making March Meaningful” for creating awareness for better tax - Nagpur News ...

Read on to avoid paying fines in the form of interest. March 15 is the last date to pay advance tax for the current financial year. Advance tax is essentially the tax you pay on all other income ...

For non-senior citizens (general citizens), the government has increased the TDS threshold for interest income from Rs 40,000 to Rs 50,000, effective April 2025. This move aims to reduce the tax ...

Read all the latest news headline updates on Income Tax Appellate Tribunal. Get all the Income Tax Appellate Tribunal breaking news updates, videos, photostories and more at Business Standard.

Under this initiative, property owners will need to pay the principal amount of their tax dues up to the financial year 2024-25, along with just 10 per cent of the accumulated interest on arrears. The ...

However, this rule is subject to certain exceptions. One can claim income tax benefits on interest paid when the personal loan proceeds are used for any of the following purposes. I. For ...