Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is because to get this tax ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

This article discusses some of the key amendments that may be introduced in the upcoming budget to achieve the Finance ...

ITAT Chennai held that Form 56F not signed by an accountant, as referred in section 10A (5) of the Income Tax Act, is defective and hence deduction under section 10A of the Income Tax Act not ...

Chhattisgarh High Court recently adjudicated a tax appeal under Section 260A of the Income Tax Act, 1961, involving the ...

The current income-tax law is complex for average taxpayers due to its technical jargon and numerous provisos, circulars, and ...