ITAT Chennai holds that Section 87A rebate is available even when total income includes capital gains taxed at special rates, reversing CIT(A)’s ...

Tribunal held that earlier expense disallowances were excessive and reduced them to 10% of turnover. The ruling emphasizes that lack of supporting documents justifies estimation but requires ...

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, ...

A senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a ...

Waiting months for your income tax refund? The government may owe you interest. While CBDT Chairman Ravi Agrawal has ...

Itsunori Onodera, chair of the LDP's Tax System Research Commission, said it was 'natural' to link the income tax threshold ...

T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...

TOKYO -- Japanese Prime Minister Sanae Takaichi will kick off talks this week aiming to lower certain taxes to stimulate investment and consumption while raising others and eliminating breaks to fill ...

The Delhi High Court recently criticized the Income Tax Department for an over 2-year delay in implementing an ITAT order, directing it to reconsider the demand raised against an ...

The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under ...

Bengaluru: In a move that can improve the speed and accuracy of income-tax processing, the Central Board of Direct Taxes ...

Bengaluru, to rectify obvious errors. This move aims to expedite the correction of accounting mistakes, reduce administrative ...