Taxpayers can now claim 87A tax rebate on special income as ITR utility software has been fixed; but it's subject to disputes and litigations
The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A ...
Income tax calculator: Find out which tax regime suits you better — New or Old
It is recommended to use the income tax calculator that computes the tax under both the regimes (old and new) before you can choose the one that leads to a lower tax outgo ...
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Budget 2025: Big Tax Relief for Taxpayers, Income up to ₹10 Lakh May Be Tax-Free
In a move aimed at providing significant relief to taxpayers, the Budget 2025 is expected to introduce major changes in ...
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Delhi HC quashed ₹17 Cr GST ISD credit denial, remands issue for reevaluation
It filed Form Trans-1 for transition into GST regime. The credit lying at the Input Service Distributor (ISD) was also transitioned. The Revenue objected and proposed to deny credit of over Rs.17 ...