Income Tax Act, 1961, does not prevent taxpayers from claiming refund just because the return was filed after the deadline.

Mumbai: In a relief for Board of Control for Cricket in India (BCCI), the Bombay High Court (HC) has quashed 2009 advisory ...

The Bombay High Court has quashed an Income Tax Department advisory questioning BCCI’s tax-exempt status, ruling that any decision regarding its exemption must follow due statutory process rather than ...

Two people were nabbed after a huge amount of cash was recovered them them in Kathua district of Jammu and Kashmir on Tuesday, police said. The Kashmir-bound vehicle was coming from Punjab and was ...

K Raheja IT Park’s business involves real estate development, operation and maintenance of industrial and non-industrial parks, and other commercial segments. They had claimed deductions under Section ...

It reiterated that corporate non-existence precludes assessment proceedings against a dissolved entity. As a result, the reassessment notices were quashed with consequential reliefs for Adani Wilmar.

The Income Tax Department has detected tax evasion of Rs 51.26 crore in three separate searches in Bhopal and Gwalior.  In Bhopal, this search was conducted at M/s Shapers Construction Limited and ...

In a reply to this, the Income Tax Department clarified that there are no changes in refund provisions. The I-T department ...

The income tax department started a compliance-cum-awareness campaign in Nov 2024 to assist taxpayers in accurately reporting ...

The Income Tax department sends notices to taxpayers for failing to declare foreign assets, with penalties up to ₹10 lakh for ...

The Nova Scotia government has introduced a $17.6-billion budget that includes major tax cuts and a reserve fund to be used ...

The majority Progressive Conservative government of Nova Scotia tabled a $17.6-billion budget Tuesday, promising to make life ...