Tax Guru40m
Govt. Funded ITI Entitled to Section 10(23C)(iiiab) Tax Exemption: ITAT Pune
Institute Management Committee of Government ITI Peth Vs ITO (ITAT Pune) Income Tax Appellate Tribunal (ITAT) Pune allowed an appeal filed by the Institute Management Committee (I ...
New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check
The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections ...
Income-Tax Bill 2025: How provisions, sections for senior citizens have been covered under the new bill
In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...
Income Tax Bill 2025: Long-Term Capital Gains Tax on property remains unchanged
For property bought prior to July 23 2024, the tax on LTCG is computed as lower of 12.5% (without indexation) or 20% (with ...
New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...
Tax Guru23h
Limits prescribed u/s. 36(1)(iv) applies only to initial or ordinary annual contribution
Delhi High Court held that limits prescribed under section 36 (1) (iv) of the Income Tax Act would only apply to an initial or an ordinary annual contribution. Thus, contribution made additionally in ...