The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income exemption limit was also increased to Rs 4,00,000. However, those with ...

With TurboTax Deluxe, you can file both your State and Federal Taxes within minutes. The Deluxe option is just a step above ...

If you earn less than $93,000, you qualify for free tax preparation services. Get expert help before the April 15 deadline.

ITAT Pune held that once primary reason to believe that income had escaped assessment fails then AO doesn’t possess jurisdiction to tax any other income in reassessment order. Hence, re-assessment is ...

ITAT Patna held that addition towards unexplained income upheld since assessee failed to prove genuineness of transaction and creditworthiness. Accordingly, appeal dismissed and addition upheld.