As part of the redevelopment, he surrendered his rights and was allotted a flat in “Orchid Enclave.” The AO, however, deemed the occupation illegal and treated the value of the flat as income under ...

Concluding its order, the ITAT allowed the assessee’s appeal for statistical purposes, signifying that the case is being sent back for re-adjudication at the CIT (A) level based on the directions ...

If the taxpayer is unable to reinvest the net consideration in a new asset before the due date for filing the original tax ...

It is necessary to understand the various forms of ITR as filing income tax returns (ITRs) can be a daunting task if you are ...

The Finance Bill 2025 proposes major changes to the Income Tax Act, including updates to allowances, pensions, investment ...

RAID 2 follows Ajay Devgn's Amay Patnaik as he leads income tax officers against a corrupt politician hoarding illegal wealth ...

President Donald Trump's second term has been defined by volatility and uncertainty. Early on, he proposed replacing income ...

The updated ITR-5 form segregates capital gains based on whether the transfer occurred before or after July 23, 2024, when ...

The Tax Cuts and Jobs Act (TCJA) disproportionately benefited the working and middle classes, as evidenced by IRS data which ...

T department has officially released simplified Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26.

Section 87A offers a rebate to resident individuals with total incomes below a specified threshold. This rebate is subtracted ...