Homebuyer was denied Rs 10 lakh capital gain tax exemption by Income Tax dept for not depositing unutilised land sale gains in CGAS on time, he wins case in ITAT Che…

Guy sells land, gets Rs 10 lakh capital gains, files no ITR admitting this income, wins case in ITAT Chennai for this reason ...

Government shutdown continues as Trump directs Pentagon to use "all available funds" to pay troops

The government shutdown entered its 11th day Saturday as Republicans and Democrats remain at an impasse over a spending plan, ...
The Financial Express

ITR AY 2025-26 deadline over: What if you miss filing your Income Tax Return completely this year?

The Income Tax Return (ITR) filing deadline for AY 2025-26 has ended for non-audit taxpayers on September 16, 2025. If you ...

Claiming the Standard Deduction? Here Are Five Tax Breaks for Retirement in 2025

If you’re retired and filing taxes, these tax credits and deductions could provide thousands in relief (if you qualify).
Tax Guru

ITAT Delhi delivers a two-fold relief – quashes reassessment as void for lack of jurisdiction & grants full Section 54F exemption even where houses are constructed in son’s ...

The ITAT quashed the reassessment order as void because the final assessment was completed by an Income Tax Officer (Ward-2) who lacked jurisdiction, while the proceedings were initiated by another ...
Tax Guru

No reassessment u/s. 148 as income earned in NRE account exempt u/s. 10(4)(ii)

Gujarat High Court held that reassessment under section 148 of the Income Tax Act is liable to be quashed since income earned in NRE Account is exempt under section 10(4)(ii) of the Act and hence ...