The Income Tax Department has introduced the ITR-U form, extending the window for taxpayers to revise their income tax returns to four years, as per the Finance Act, 2025. This allows individuals ...

The present appeal preferred by the revenue against the order passed by CIT (A) who deleted addition made by the AO on account of money possessed by the assessee. Assessee is director of two companies ...

In a city where history whispers from the bricks of every colonial edifice, a new chapter of pride and preservation was ...

The CBI has arrested Commissioner of Income Tax (Exemption), Hyderabad, Jeevan Lal Lavidiya, for allegedly accepting a bribe of Rs 70 lakh to settle an appeal in favour of Shapoorji Pallonji Group ...

A day after forming the new cabinet, Canada on Thursday announced a significant personal income tax cut as one of the government's top legislative priorities for the new parliamentary session.

However, there could be marginal tax benefit for individuals investing through partnerships or LLPs due to a lower surcharge. For example, individuals with income between Rs 50 lakh and Rs 1 crore ...

Income Tax Return Filing 2025 ... i) Resident individual of India with total income up to Rs 50 lakh ii) Sources of income include salary/pension, Income from one house property (excluding ...

Income tax return: The Central Board of Direct Taxes ... ITR-1 (Sahaj) continues to be the applicable ITR form for resident India with annual income of upto Rs 50 lakh — including from salary ...

But does receiving a new flat in exchange for old flats mean that the owner will have to pay income tax on it? Here's what you need to know. What ITAT Rule? In a recent ruling, Mumbai ITAT ...

BENGALURU: US President Donald Trump's 'One Big Beautiful Bill' proposes a 5% tax on remittances, which tax experts say may have a significant impact on India as the country is one of the biggest ...

New Delhi: Corporate hospital chain Fortis, has received a rectification order from the Income-Tax department over an income tax demand of a ₹89.53 crore raised by the body for the assessment ...

and Brookfield India– have posted higher FY25 net operating income and leasing, signalling a robust rebound from pandemic-induced downturn. The recovery also benefited from increased rental ...