Tax experts warn that bogus claims can trigger scrutiny, steep penalties and, in cases involving deliberate misreporting or ...

The Chhattisgarh High Court has held that Income Tax Returns, once duly produced and exhibited, constitute relevant ...

ITAT Delhi deleted additions under Sections 68 and 69C after finding documentary evidence, lender verification, and subsequent loan repayment on ...

Can Income Tax calculate capital gains on a higher value than the price at which you sold your house? In an important ruling, ...

Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains ...

Madras High Court upheld additions based on corroborated loose sheets, rejected telescoping and business stock claims, and ...

Let's Go Washington has collected enough signatures to get measure on ballot.

THE unexplained wealth case will require senator-judges to determine whether Vice President Sara Duterte’s sworn asset declarations, tax returns, corporate records, and financial transactions ...

A recent ITAT ruling has clarified that the Income Tax Department cannot raise a tax demand solely on the basis of documents ...

THE House of Representatives prosecution panel expects to begin presenting evidence this week on the alleged misuse of confidential funds by Vice President Sara Z. Duterte, following the conclusion of ...

Saying the 25% maintenance formula is not binding, the Allahabad High Court enhanced a divorced woman's monthly maintenance to Rs 20,000, stressing that courts must decide the amount based on the ...

LTA: Understand Leave Travel Allowance exemptions for your ITR. Learn what qualifies, who is eligible, and how to claim tax ...