ITR
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25How can taxpayers save tax after selling a residential house property?
Question: How can taxpayers save tax under the Income Tax Act after selling a residential house property? Answer given by CA (Dr.) Suresh Surana:...
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31NRI taxation: Can benefit from reinvesting real estate capital gains?
You can still claim an exemption from tax on capital gains under section 54 if you reinvest the capital gains into a...
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40Crorepati income tax return filers soar 5 times in 10 years; check who has to file ITR
The number of individuals reporting taxable income over Rs 1 crore in their tax returns skyrocketed from 44,078 in the assessment year...
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30New ITR E-Filing Portal 3.0 Launching Soon: Features, Improvements, And Other Key Details
New Delhi: The Income Tax Department is preparing to launch a revamped e-filing system, the ITR E-Filing Portal 3.0. The newly launched...
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84Income Tax Offences: CBDT Issues New Compounding Rules to Shield Taxpayers from Prosecution
The IT department issued revised guidelines for compounding offences under the IT law by simplifying process and lowering charges. The income tax department on...
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48CBDT notifies amendments to I-T rules for TCS/TDS for salaried employees
The Central Board of Direct Taxes (CBDT) has notified amendments in income tax rules for ease in claiming credit for TCS collected/TDS...
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66New tax form for 2025: CBDT issues Form 12BAA that would give details on other taxes paid by employees
Union Budget 2024: The Central Board of Direct Taxes (CBDT) has introduced a new form known as Form 12BAA, specifically created for the...
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34IT department issues guidance note on Vivad Se Vishwas dispute resolution scheme
It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax....
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173ITR refund or TDS credit claimed through common email or mobile comes under scrutiny; High risk tax refund cases to be investigated
The tax authorities have chosen to examine high-risk refund cases for the financial year 2023-24 (Assessment Year 2024-25) using statistical analysis of...
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New ITR e-filing portal 3.0 to be launched soon, intended to be more user friendly and fast; Tax dept seeks suggestions
The e-filing ITR portal for income tax is about to undergo a revamp with ‘substantial’ changes that are more friendly for taxpayers. As per...
