The deadline for filing income tax returns has been extended for the assessment year 2025-26 (financial year 2024-25) and the season to file taxes is officially here.

Bhakt Samaj Vikas Education Trust Vs ACIT (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT) Ahmedabad has ruled in favor of Bhakt Samaj Vikas Education Trust, allowing its claim for exemption ...

Listen to This Article A slew of tax changes, effective from July 23, 2024, has altered how your mutual fund gains will be taxed in Assessment Year (AY) 2025–26. From higher long-term capital gains ...

The income tax laws applicable for FY 2024-25 allow zero tax payable under the new tax regime if your net taxable income is under Rs 7 lakh. Just a heads up, last year, when you filed your ITR, the ...

Exemption limit, rate of tax and other details The current rate of long-term capital gains tax, which came into force on July 23, 2024, is 12.5 per cent on all financial and non-financial assets.

If you redeemed your debt mutual funds during FY2025 and are confused about how much tax is applicable and how to report them in your ITR, here’s everything you need to know.

India News: NEW DELHI: The Income Tax Appellate Tribunal Tuesday rejected an appeal from Congress against the I-T department for withdrawing a tax exemption to th.

The Congress party filed its income tax on February 2, 2019 and declared nil income after claiming a Rs 199.15 crore exemption under Section 13A of the Income Tax Act. However, this was filed after ...

In a shocker for the grand old Congress party, the Income Tax Appellate Tribunal (ITAT) has refused to grant exemption on income tax on donations worth ₹199 crore.

Facing errors in your Annual Information Statement (AIS) while filing ITR for AY 2025–26? You’re not alone. The income tax department has shared a step-by-step guide to help taxpayers submit ...