News24

New Income Tax Act 2025 to be implemented from April 1: From simple filing to extra timelines, know how THESE new rules will impact you

With the rollout of the new Income-tax Act, 2025, taxpayers are expected to get relief from several systemic issues faced ...
The Financial Express

Last chance to fix ITR errors: How ITR-U works and who can file to report missed income

Missed reporting income or made errors in your ITR? Taxpayers can still correct mistakes using ITR-U. With March 31 approaching, experts advise acting early to avoid higher penalties and ensure ...

Sold two farm lands for Rs 8.75 crore capital gains but paid no tax or filed ITR; ITAT Ahmedabad rules in favour of taxpayer

A man from Bharuch, Gujarat had sold two agricultural lands for Rs 8.75 crore capital gains to a company who subsequently ...
Tax Guru

Form 10B Delay Condoned – Exemption U/s 11 Cannot Be Denied for Procedural Lapse

ITAT held that delay in filing Form 10B is only a procedural lapse and not fatal to exemption. It ruled that exemption under Section 11 cannot be denied where audit report is eventually ...

New IRS form Schedule 1‑A unlocks 4 major tax deductions for 2025

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?