Finance minister Nirmala Sitharaman has announced income tax exemption for individuals earning up to Rs 12 lakh annually under ... Act concise, clear, and easy to understand, which will reduce ...

The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A ...

The Finance Minister in her last Union Budget had proposed a complete overhaul of the Income Tax Act to ... is the tax disputes landscape. The nation’s tax litigation system is under immense ...

Conclusion: Assessee was entitled to claim deductions related to taxes paid under protest and the settlement of tax disputes under various state ... issued under Section 143(1) of the Income Tax Act, ...

Since the impugned assessment order was neither issued by an incompetent authority nor in violation of natural justice, and no challenge to the vires of statutory provisions was raised, the petition ...

To ensure timely processing of industry applications and delivery of services from the central ministries, an Act, imposing statutory ... rising pendency of tax disputes" as a major issue, CII said ...

India's personal income ... the present Act. This simplification is expected to make the tax laws more accessible and understandable for the average taxpayer, thereby reducing disputes and litigation.

Budget 2025 Expectations Latest News Today (January 17): The most critical aspect of the budget will be any announcement regarding the income tax rebate. Budget 2025 Expectations Latest News Today ...

The scheme for advance rulings under the Income Tax Act is meant to enable non-residents planning to invest in India to be certain of their income tax liability. Hence, non-residents can avoid any tax ...

Strengthening judicial infrastructure, incentivizing alternative dispute resolution ... for lower-income individuals and an increase in the basic exemption limit under both tax regimes to help ...