Income Tax Appellate Tribunal allows Congress to operate accounts with I-T Dept lien

Feb 16, 2024

In an interim relief to the Congress party on Friday, the Income Tax Appellate Tribunal (ITAT) allowed it to operate its frozen bank accounts...

Sitharaman says "numbers speak for themselves" as Indians increasingly opting new tax regime

Aug 21, 2024

In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

Want budget to provide relief in income tax, says Chandigarh resident

Jan 29, 2024

Chandigarh residents expressed their expectations from the upcoming budget.

Experts do not expect any major income tax relief in Budget

Jan 28, 2021

New Delhi [India], January 28 : Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is...

I-T dept extends deadline for tax-saving investments for FY20 till July 31

Jul 02, 2020

New Delhi, July 2 : In order to provide relief to tax-payers, the Income Tax (I-T) Department on Thursday announced that the deadlines for...