ITAT Delhi permits set-off of brought forward long-term and current year short-term capital losses against long-term capital gains, overruling CPC and ...

Homebuyers wins: The income tax dept imposed Rs 1.42 crore short term capital gains (STCG) on house that was sold in FY 2009-10. This flat was alloted on October 7, 2005 and was registered in FY ...

India’s upcoming tax law changes could redefine resident status for high-income diaspora. Learn how this reform increases global income tax risks and affects treaty benefits for overseas ...

Let's first know what is income tax refund? The term "income tax refund" refers to a refund amount started by the income tax department when the amount paid in taxes exceeds the actual amount payable.

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

The Central Board of Direct Taxes (CBDT) has issued new rules to streamline the correction of income tax refund errors. The ...

Income tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From understanding why, you received a notice to responding correctly within ...

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

CBDT empowers Commissioner of Income Tax CPC Bengaluru to swiftly correct tax order errors and issue new demand or refund ...