Although, new tax regime is the default tax regime, tax payers can choose the tax regime that they think is...

148A(b): It deals with issuing show cause notice to assessee and informing him about the information based on which the...

Hence, now this is a practical difficulty where a clarification is sought from Income tax department of how to disclose...

The Income Tax Department, under its commitment to assist the Election Commission of India in curbing the role of black...

Therefore, to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th,...

Other than resident senior citizen who don't have business income in their income tax return, all other types of assessee...

We have to now only consider whether the submissions made by Mr. Suresh Kumar, as noted above, make any difference....

eligible donations made by a trust 1 institution shall be treated as application for charitable or religious purposes only to...

trusts / institutions which have furnished audit report on or before 31st October, 2023 in Form No. 10B where Form...

However, they have even mentioned that in case assessee has already filed and shown interest income under "other income" then...

This section is only applicable where seller is a resident, if seller is non-resident TDS needs to be deducted u/s...

As per sub section 2 of section 115BAC of the Act the following deduction shall not be available in relation...

Further, such demand shall not include demand related to TDS deduction and TCS collection i.e. deductor related demands visible on...

However, to provide relief to the senior citizens (whose age is 75 years or more) and to reduce the compliance...

Hence, an important thing to note here is that a person can claim benefit of this section only when it...