These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

ITAT Jaipur held that rejection of application in Form 10AB for registration under section 12AB of the Income Tax Act alleging violation of FCRA Act without specifying the relevant provision is ...

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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In special situations, you may have to file regardless of your income. If you have net earnings of at least $400 from self-employment, for example, you’re required to file taxes. If you earn at ...

The Union Budget 2025 will be the second full budget of Modi 3.0 and is expected to bring a variety of changes such as income tax reforms, an increased focus on agriculture, and balancing between fisc ...

Maharashtra has suspended issuance of birth and death certificates applied for over a year old amid investigations into thousands of suspected fraudulent claims by Bangladeshi and Rohingya immigrants.

Grantor trusts are trusts in which the grantor controls all aspects of the trust and is responsible for reporting and paying taxes. If the income or deduction is part of a change in the principal ...

The Delhi High Court has dismissed the appeal preferred by a Director of Income Tax under Section 19 of the Contempt of Courts Act, 1971.A division bench of Justices Chandra Dhari Singh and Manoj ...