Union Budget 2025 aims to boost economic momentum amid global uncertainties by focusing on employment-intensive sectors, ...

The provisions for reassessment have been thoroughly revised. Assessments can now only be reopened beyond three years if the escaped income exceeds Rs 50 lakh, with a maximum period of five years. For ...

As is the case every year, the expectations from Budget 2025 are very high. Taxpayers are facing an inflation rate that is ...

Central Board of Direct Taxes & Anr, the petitioner challenged the constitutional validity of Chapter IV of The Finance (No. 2) Act, 2024, specifically the Direct Tax Vivad Se Vishwas Scheme, 2024.

Failure to submit your ITR by the January 15, 2025 deadline may result in the inability to revise your AY2024-25 returns, potential notices from the Income Tax Department, and additional penalties ...

Finance Ministry highlights key reforms and progress made under the Union Budget 2024-25, focusing on tax simplification and ...

In the case of Nihar Prabhatbhai Desai Vs Assessment Unit, the ITAT Ahmedabad dismissed the appeal filed by the assessee, citing its withdrawal due to the taxpayer’s application under the Vivad Se ...

The key announcements from the Union Budget 2024-25 budget including measures to simplify taxation, reduce litigation, and ...

US markets saw a muted session on Tuesday with slight decline in tech stocks. The S&P 500 rose 0.1% to close at 5,842.91, ...

Delhi HC rules on DTVSV Scheme eligibility, setting precedents for tax dispute resolutions. Read key insights and ...

The official said around 35,000 customs cases, involving over around Rs 50,000 crore are currently pending across various ...

In Budget 2024, finance minister Nirmala Sitharaman announced plans to address the backlog of tax appeals by increasing ...