The assessee can’t e-file ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 for the AY 2025-26. Let’s have a deeper look at the Income Tax Return ITR Form. File ITR Forms Via Gen IT Software, Get Demo! Guara
(ii) where deduction has been allowed to an employee in respect of the said item for any tax year, no deduction thereunder shall be allowed to him in relation to any other tax year; and (iii) where any relief undersection 157has been allowed to an assessee for any tax year in respect...
The assessee has to pay income tax if his total Income, after allowing Chapter VI-A Deduction, is more than the taxable income limit. Due Dates of ITR for Different Categories of Taxpayers for FY 2024-25 (AY 2025-26) Category of TaxpayerDue Date (Original Return) Partner of the firm ...
Comparing old vs new Income Tax Act 2025 Income Tax Act 2025 CHAPTER I PRELIMINARY CHAPTER II BASIS OF CHARGE CHAPTER III INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME CHAPTER IV COMPUTATION OF TOTAL INCOME CHAPTER V INCOME OF OTHER PERSONS, INCLUDED IN TOTAL INCOME OF ASSESSEE CHAPTER VI ...
This means that where DTAA has been entered, the assessee can opt to be governed by the provisions of DTAA, if the provisions of DTAA are beneficial in comparison to the provisions of the Income Tax Act, 1961. However as per provisions of Section 90(4), the assessee, in order ...
Researcher concludes that there is still a need to have more reforms in income tax structure whatever in the form of broadening of exemption limits, reducing the tax rates, reorganization of prevailing tax slab rates or to make income tax structure so simple that all people could understand it ...
Present appeal by the assessee has been filed by assessee against order dated 25/01/2019 passed by CIT(A)-4, Bangalore, for assessment year 2015-16. Citation : ITA No.697/Bang/2019 IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH : BANGALORE ...
Exemption under Section 10 (30) on income earned by an assessee engaged in the tea business If an assessee who grows or manufactures tea in India, receives a subsidy from or through the Tea Board, such subsidy would be exempted from tax provided it is allowed under any of the following ...
(iiia) any special allowance or benefit, other than perquisite included under sub-clause (iii), specifically granted to the assessee to meet expenses wholly, necessarily and exclusively for the performance of the duties of an office or employment of profit ; ...
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