Retired employee denied tax exemption on Rs 13 lakh leave encashment, ITAT Jaipur restores tax benefit under new Rs 25 lakh limit

Retired employee got Rs 13 lakh as leave encashment; tax dept denies tax exemption; ITAT Jaipur applies Rs 25 lakh leave ...
Tax Guru

Delhi HC Quashes Section 153C Notices Beyond 10-Year Limit

The Delhi High Court held that reassessment under Section 153C cannot exceed the ten-year block calculated from the date of ...
Mid-Day on MSN

Aishwarya Rai Bachchan gets relief in Rs 4 crore income tax dispute

Aishwarya Rai Bachchan has reportedly received relief from the Income Tax Department after the Income Tax Appellate Tribunal ...

Aishwarya Rai Bachchan wins Rs 4 crore income tax battle in ITAT Mumbai; Know how disallowance of income works

As established in Maxopp Investment Ltd. v. CIT (2018) 402 ITR 640 (SC), the AO must provide reasons before invoking Rule 8D ...
NerdWallet

Taxable Income: Definition, How to Calculate It

Most forms of income count as taxable — but not all. Here’s how to calculate yours and some ways to reduce your liability. Many, or all, of the products featured on this page are from our advertising ...
Hosted on MSN

Tax audit and audit ITR deadlines for FY 24-25 extended by Income Tax Department

The Central Board of Direct Taxes (CBDT) today (Wednesday, October 29, 2025) extended the deadlines for tax audit cases and audit ITR. The due date for tax audit cases has been extended from October ...
Mint

Mint Explainer | How is personal income tax relief impacting the exchequer?

The Centre's personal income tax revenue collection averaged 25% in the last four financial years. The robust growth prompted the government to offer tax relief to individuals in this year’s Budget, ...
The Independent

Rachel Reeves ‘considering breaking Labour manifesto pledge with income tax raid’

Rachel Reeves is reportedly considering raising income tax in her Budget next month in what would be a major break of one of Labour’s main manifesto pledges. Sources have told The Guardian that she ...
The Financial Times

Labour fears of voter backlash grow as Reeves looks at income tax options

Simply sign up to the UK tax myFT Digest -- delivered directly to your inbox. Rachel Reeves is risking a Labour party backlash as she debates an increase in income tax, potentially coupled with cuts ...
Mint

Income Tax: Made a mistake while filing your ITR? You can still file an updated return

Income Tax: Did you miss out on something when filing the income tax return (ITR) for AY 2025-26? If that is the case, you can file an updated return. For those who are not aware, an updated income ...
Birmingham Mail

State pensioners face HMRC tax bill if they have extra income over £22

State pensioners could face an HMRC tax bill if they have extra income of more than £22 a year. Older people are set for a 4.8 per cent increase in the State Pension from April 2026, which pushes the ...
Savannah Morning News

Planned vote on income tax cut likely one step closer to eliminating the tax altogether

Top Georgia Senate Republicans are committed to cutting or completely eliminating the state income tax. Proponents argue the cut would make Georgia more competitive with states like Florida and ...