Section 115BAA Concessional Tax Rate Allowed by ITAT Mumbai Despite Late ITR
ITAT Mumbai held that a domestic company cannot be denied Section 115BAA concessional tax rate merely for filing a belated return if Form 10IC was filed on time.
Tag: ITR
Finance Bill 2026: Employee Contribution Deduction Allowed up to ITR Due Date
Clause 31 of Finance Bill 2026 amends section 29 to allow deduction of employee welfare contributions if paid by the return filing due date, easing compliance and reducing litigation.
Finance Bill 2026 Rationalises ITR Due Dates: Key Changes, Fees, Compliance Impact
Finance Bill 2026 rationalises Income Tax Return due dates, revised return timelines and late fees. Read the meaning, changes and implications for taxpayers.
Claiming Deduction u/s 80G in ITR: Step-by-Step Guide
Learn how to claim Section 80G deduction while filing your ITR, including Schedule 80G, required details, Form 10BE, and common mistakes.
ITAT Deletes 69A Addition (Property Sale Cash Deposit) Despite Invalid ITR
ITAT Mumbai held that cash deposits from property sale cannot be taxed under Section 69A when supported by registered sale deed, despite invalid return.
Govt Employees Now Filing Revised ITRs: Major Recovery Against Bogus Deductions
Over 40K taxpayers, including government employees, have filed revised ITRs after AI checks exposed their bogus deductions. Income Tax Department has recovered over ₹1,045 crore and tightened safeguards for …
Streamlining Income Tax Returns Filing: Income Tax Bill 2025
New Income Tax Bill 2025 consolidates filing obligations into one clear framework, making it easier for all assessees to locate their requirements, with unchanged due dates and return filing …
CBDT Extends ITR Due Date for AY 2024-25
CBDT has extended the due date for filing of Income Tax Return (ITR) for AY 2024-25, from 31st October 2024 to 15th November 2024, in respect of corporate and …