The New Income Tax rules will come into effect from the tax year 2026-27 while introducing several procedural and structural changes without altering existing income tax slabs. It is expected to ...

ITAT held that delay in submitting Form 10B is procedural and can be condoned. It directed reconsideration of exemption where the audit report was filed during appellate ...

The Tribunal held that filing return after due date does not disqualify deduction under section 80P for AYs prior to 2018. It ruled that denial on this ground was incorrect and required ...

Tax season means that you might have to pay some money. But you could most certainly get a lot of money back. For example, the Internal Revenue Service (IRS) announced via a press release on Friday ...