Upon processing the revised return, the CPC disallowed the deduction claimed under Section 10AA. The basis for this disallowance, as stated by the CPC, was that the income tax return had been ...

The CBI has arrested a Hyderabad Income Tax Commissioner and four others for demanding a Rs 70 lakh bribe to favor a private ...

Bengaluru has positioned itself as a premier business destination supported by robust IT infrastructure, resulting in 77 ...

The monthly increase in take-home pay from the income tax cuts announced under the new regime in Budget 2025 is between ₹2,900 and ₹9,100 across various incomes. While filing ITR-1 and ITR-4 ...

Filing your Income Tax Return (ITR) can be a daunting task. It’s important to report all your income and proof of all tax-saving investments properly while filing the ITR. The deductions under various ...

The Income Tax (I-T) Department has notified income tax returns for assessment year 2025-26 (financial year 2024-25) enabling the filing of returns effective April 1. This year onwards, the tax ...

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2025, which can be found at the Quarterly Results ...

“Deputy Commissioner of Income Tax Vijayendra, a 2015-batch IRS officer, posted at the department’s Jhandewalan office in Delhi, was arrested here, while chartered accountant Dinesh Kumar Agarwal was ...

One such income is the interest on post office savings accounts. Under the new regime, taxpayers can claim a tax exemption of up to ₹3,500 on a single account and up to ₹7,000 on a joint ...

Income Tax Returns Process: In a first for the financial year 2024-25, the Income Tax department will open its official portal to make online filing a reality. The availability of requisite Income Tax ...

The Bengaluru district Lokayukta officials caught a Commercial Tax inspector and his associate red-handed while allegedly taking a ₹20 lakh bribe from a Delhi-based pan masala company ...

A major tax change will hit the self-employed and landlords with an income of over £50,000 next April. From April 6, 2026, they will be required to use Making Tax Digital (MTD) when declaring ...