In a reply to this, the Income Tax Department clarified that there are no changes in refund provisions. The I-T department ...

The Income Tax Act, 1961, does not prevent taxpayers from claiming a refund just because the return was filed after the ...

Just as the bloated level of estimates of billionaire fortunes causes us not to consider the possibility those fortunes may ...

It said, “Delay in filing of the income tax returns would not only result in payment of penalty, but it also results in prosecution as provided under Chapter ... Section 139(1) or failure ...

At the time, finance minister Nirmala Sitharaman said that its purpose was to motivate taxpayers to voluntarily disclose any income omitted in their original tax filings. Three years on ...

What is The Oxford Income Letter? The Oxford Income Letter is an investment ... Your ticket to learning about this stock is in The #1 Oil and Gas Royalty for 2025. Inside, you’ll get the name, ticker, ...

the tax liability shoots up to Rs 61,500 if the taxable income breaches Rs 12 lakh – and hits Rs 12.1 lakh. Thus, an employee having a taxable income of Rs 12.1 lakh takes home Rs 51,500 less than an ...

BT brings to you an easy-to-use tool that helps in calculating the tax payable on your income for FY 2025-26. It also lets you compare your tax liability under new tax regime and old tax regime.

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

As per the present tax laws, a person can file only ... to you is a situation where your gross total income before various deductions under chapter VIA exceeds the basic exemption limit, which ...

But Blue Ocean’s accounts from 2005 to 2012 indicated that its expenses almost matched its income, which also meant that little corporation tax was due as it made little profit. A leaked email ...