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Traders allowed to exit fixed tax scheme; car import duties slashed up to 56%
Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated retur...
The Central Board of Direct Taxes (CBDT) has announced the Baddi Barotiwala Nalagarh Development Authority (BBNDA) u/s 10(46) of the Income-tax Act, 1961, granting income tax exemp...
Tax breaks and RBI steps target sustained foreign dollar inflows
CBDT Circular No. 4/2002 & TDS on Exempt Institutions: A Forgotten Relief Every Taxpayer and Deductor Must Understand For decades, companies, banks, PSUs, Government departme...
The Surat bench of the Income Tax Appellate Tribunal (ITAT) said that the late filing of the audit report in Form No. 10B is not a valid ground to refuse the exemption u/s 11/12 of...
Many taxpayers have traditionally followed one of two approaches when receiving gifts from specified relatives such as parents, spouse, children, siblings, or certain lineal ascend...
Leasing entities in IFSCs will enjoy improved liquidity as funds are no longer locked up in TDS credits
Committee gives govt option to either withdraw concessions or extend to all airlines
Worldwide, 175 countries—including all major European countries—levy a value-added tax (VAT) on goods and services. However, to reduce compliance and administrative costs, most cou...
No Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone Non-Filing of Form 10B May Deny Exemption Under Sections 11 & 12, But It Does No...
Mahoning County commissioners approved an owner-occupancy tax exemption.
PUTRAJAYA, June 12 — All new applications for approval under Subsection 44(6) of the Income Tax A...
Customs duty exemptions drop 24% to Rs499b; FTA-related cost zero
From agricultural income to life insurance proceeds, here are 10 types of income that are completely tax-free in India under the Income Tax Act — know them before filing ITR 2026.
In East Cobb, homeowners over 62 have a distinct advantage: the Cobb County Senior School Tax Exemption. Once you hit that age, you can eliminate the school portion of your propert...
The new budget law rewrites tax rules advisors use for business sales and CPP
No Old Bills? Still Eligible for Indexed Cost and Full Section 54 Exemption, Rules Chandigarh ITAT Joint Ownership Does Not Mean Half Deduction When Entire Investment Is Made by...
If one’s income is over the “free” threshold, there is another helping-hand available. According to one’s marital situation, on low income the tax applicable is discounted up to a...
In a significant relief for taxpayers claiming capital gains exemption, the Mumbai Bench of the Income Tax Appellate Tribunal has held that a deduction under Section 54 of the Inco...
Has the Income-tax Act, 2025 Changed the Law on Capital Gains Exemption for Depreciable Assets? One of the most settled principles under the Income-tax Act, 1961 was that a deemi...
VTPA requested CBDT for creation of a separate charge of Commissioner of Income-tax (Exemption) at Nagpur for Vidarbha region To The Chairman Central Board of Direct Taxes North...
Making Tax Digital for Income Tax became mandatory on 6 April 2026 for sole traders and landlords with qualifying income over £50,000, […] The post Making Tax Digital Exemptions: C...
A new IRS change could make penalty relief less of a paperwork chase for some taxpayers.The Internal Revenue Service announced on Wednesday, July 8, that it is introducing an Autom...
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