ITAT Delhi held that denial of exemption under section 54B of the Income Tax Act for purchase of agricultural land in the name wife of the assessee is not justifiable. Accordingly, denial of benefit ...

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On Wednesday, January 22, income tax officials searched filmmaker Sukumar's home and workplace in Hyderabad. According to ...

OPI’s Board of Trustees considers many factors when setting or resetting OPI’s distribution rate, including OPI’s historical and projected net income, funds from operations and normalized ...

In Gujarat's Dahod, seven individuals, including a GST inspector, a police driver, and a home guard jawan, orchestrated a fake income tax raid to extort money from a moneylender. They demanded Rs ...

That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income range for each bracket annually to account for inflation's impact on salaries. Depending on how much ...

As Finance Minister Nirmala Sitharaman prepares for Budget 2025 announcements, several anticipated income tax reforms may impact salaried people. The upcoming budget may include reforms to aid ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and deductions. The new tax regime requires no such documentation, allowing only ...

India has been trying to modernize its tax laws for decades to reduce the bureaucratic burden on taxpayers and boost compliance. Tax disputes have more than doubled to 10.5 trillion rupees ($123 ...

Income tax slab for AY 2025-26::Money experts say that depending on your situation, the old tax regime could be more advantageous if you take advantage of many deductions and exemptions.( ...

Business owners neighboring Amazon’s Seattle headquarters were beaming on Monday following a return to the office for thousands ... “Extra income for everyone, not just me,” he said through ...