Explains the new tax slabs, higher Section 87A rebate, and standard deduction increases under the Finance Act 2025, highlighting relief for taxpayers earning up to ₹12 ...

Explains how income from freelancing and content creation is classified, taxed, and regulated under major Income Tax Act ...

Covers the flat 30% tax on VDA transfers, 1% TDS requirements, and essential record-keeping for cryptocurrencies, NFTs, and tokenized ...

Learn how late filing under Section 234F and interest under 234A/B/C can escalate costs and how timely filing avoids ...

Explains how freelance income is taxed, what deductions are allowed, and why declaring all earnings is crucial for ...

Summary: Filing Income Tax Returns (ITR) on time is a fundamental responsibility under the Income Tax Act, 1961, and missing deadlines can lead to penalties, delays in refunds, and complications in ...

The Tribunal held that once CPC allowed the 80JJAA deduction through a subsequent Section 154 order, the earlier rectification appeal no longer survived. The appeal was dismissed as academic, with a ...

ITAT Delhi overturned the CIT(Exemption)’s rejection of 12AA registration, ruling that corpus grants should not be assessed at the registration stage but under section 11 exemption ...

ITAT allowed the appeal for statistical purposes, citing genuine non-receipt of the order by the assessee and restored the matter for ...

The ITAT restored a charitable trust’s registration issue to CIT(E) after allowing additional evidence, emphasizing proper verification of documents before rejecting ...

ITAT Pune reverses CIT(E) order, granting 80G approval to a trust, ruling that minor religious expenditures do not negate predominant charitable ...

Tribunal holds that reassessment proceedings under Sections 147/148 are invalid as the notice was issued beyond the extended ...