Income Tax Articles

Chapter XIV-B: New Income Tax Rules for Search Cases

Posted by Anumanchipalli Sathikonda 24 July 2024 618 Views

Understand the new Chapter XIV-B of the Income-tax Act, 1961. Learn about block periods, undisclosed income, and assessment procedures for search cases.

UK Tax Slabs FY 2024-25: New Rates & Changes

Posted by Mitali

23 July 2024 8208 Views

Discover the updated income tax slabs for FY 2024-25 and AY 2025-26. Learn about changes to standard deduction, family pension, and capital gains tax rates.

Fix Unverified ITR Mistakes: Discard & Refile

Posted by Mitali

22 July 2024 2065 Views

Made a mistake on your unverified ITR? Learn how to easily discard and refile a fresh return on the income tax portal without needing a revised ITR.

ITR Not Filed by 31st July? Penalties & Consequences

Posted by CA Umesh Sharma 22 July 2024 1443 Views

Missed the 31st July ITR deadline? Discover the penalties, late fees, interest, and consequences of filing late. Learn about belated returns.

Extend ITR Filing Deadline to August 31st? Taxpayer Suggestions

Posted by Mitali

22 July 2024 2050 Views

Discover why taxpayers are urging the government to permanently shift the ITR filing deadline to August 31st, citing portal issues and late fee avoidance.

Bombay HC: Transferee's Tax Payment is Capital Expenditure

Posted by FCS Deepak Pratap Singh 22 July 2024 291 Views

Discover the Bombay High Court's ruling on tax liability payments by transferees in amalgamation agreements. Learn why it's considered capital expenditure and not deductible.

Section 87A Rebate Changes: What You Need to Know

Posted by Mitali

18 July 2024 9376 Views

Discover the latest Section 87A rebate changes impacting your tax return post-July 2024. Understand how special incomes are now treated and file your ITR correctly.