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TAXPAYER RELIEF 2024
NRIs tax alert: March 31, 2026 is the deadline to claim foreign tax credit using Form 67 for income earned in FY 2024–25Non-Resident Indians earning income abroad in FY 2024-25 have a crucial deadline. They must file Form 67 by March 31, 2026. This form is es...30 Mar, 2026, 10.07 AM IST- Several US states to issue tax refunds in December; Check which states are paying and why it is different from regular income tax refundsResidents in several US states are receiving tax refunds and relief payments this December. These payments stem from state budget surpluses...10 Dec, 2025, 02.38 PM IST
- From Rs 21,350 tax demand to zero tax; How a taxpayer won Section 87A case in ITAT BengaluruIn a taxpayer-friendly ruling, the ITAT Bengaluru allowed Mr. Jakkaraju's Section 87A tax rebate claim, even though it was filed in a revis...03 Sep, 2025, 11.38 AM IST
- PAN-Aadhaar linking update: Relief from tax demand notice due to short TDS deduction for these taxpayersThe Income Tax Department is offering relief to taxpayers who received demand notices for short deduction or collection of TDS/TCS due to t...22 Jul, 2025, 05.48 PM IST
- Finance Bill 2025 offers unprecedented tax relief; collection target realistic: Nirmala SitharamanFinance Minister Nirmala Sitharaman addressed the Lok Sabha on the Finance Bill 2025, underlining unprecedented tax relief and realistic ta...25 Mar, 2025, 06.39 PM IST
- Deadline to declare foreign assets in ITR ends January 15, 2025: These two sources provide govt your foreign a/c infoForeign assets in ITR: Indian residents must report their foreign assets and income in their income tax returns (ITRs) in accordance with t...03 Jan, 2025, 05.26 PM IST
- Good news: Income tax dept to correct ITR forms to allow eligible taxpayers to claim section 87A tax rebate for FY 2023-24Income Tax Rebate: "The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 and including...02 Jan, 2025, 10.49 AM IST
- Income tax relief: Deadline of Vivad Se Vishwas Scheme extended, taxpayers get more time to pay a lower amount of tax to settle disputeVivad Se Vishwas Scheme: The Income Tax Department has extended the deadline to January 31, 2025 to pay a lower amount of income tax to ava...31 Dec, 2024, 06.28 AM IST
- ITR filing deadline extension: Bombay HC orders tax dept to allow these taxpayers claiming 87A rebate to file ITR till January 15, 202587A tax rebate: The Honourable Bombay High Court said recently, "By way of interim relief, the... Central Board of Direct Taxes is hereby d...28 Dec, 2024, 10.20 AM IST
- Income Tax Department regrets issuing erroneous notices to taxpayers: Know the detailsIncome Tax Dept sent wrong tax notice to many: The tax department has erred in sending notices to many taxpayers for defective income tax r...26 Dec, 2024, 04.23 PM IST
- Deadline for filing GSTR-7 is December 10, 2024 for these GST registered taxpayers even if TDS was not deductedGST return: Now you need to file GSTR-7 even if no TDS (tax deducted at source) was deducted. "GSTR-7 return is to be filed in chronologica...06 Dec, 2024, 03.39 PM IST
- GST relief: No need to pay interest and penalty on GST tax demand; conditional waiver from November 1, 2024Goods and Service Tax (GST): The newly inserted section 128A has been notified by the Ministry of Finance with effect from November 1, 2024...01 Oct, 2024, 10.52 AM IST
- Last date for income tax audit report: Deadline for tax audit report extendedIncome tax audit last date: The tax audit deadline has been extended by CBDT. "Decided to extend the specified date for filing of various r...30 Sep, 2024, 02.07 PM IST
- No benefit of lower tax rate under DTAA for taxpayers with foreign income if Form 67 is not filed by this dateDouble tax: If you are claiming a tax relief under section 90 then you must submit a ITR and Form 67 by the due date. Similarly if you are ...11 Sep, 2024, 11.14 AM IST
- Nirmala Sitharaman to move amendment for taxpayers to choose between 12.5% or 20% LTCG rate on property transactionsNirmala Sitharaman announced amendments to the long-term capital gains tax for property, allowing taxpayers to choose between 12.5% without...06 Aug, 2024, 10.12 PM IST
- Budget 2024: Relief on buying EV, HRA rationalisation, higher tax deduction on health insurance premium and more, what to expectBudget 2024: Earlier this year, while presenting the Interim Budget 2024-25, Finance Minister Nirmala Sitharaman did not propose any change...19 Jul, 2024, 10.46 AM IST
- All outstanding personal tax demand notices up to Rs 25,000 withdrawn till FY 2014-15 in Budget 2024Withdrawal of outstanding income tax demands: The new announcement has been made in the Budget 2024 will benefit one crore taxpayers.02 Feb, 2024, 11.21 AM IST
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