Dubai-based taxpayer gets I-T notice for unexplained investment in Rs 2 crore Mumbai property; he fights back and gets relief from ITAT Mumbai

After working in Dubai for 20 years Man used Rs 2 crore savings to buy Mumbai property; Tax dept sent notice; he wins case in ...
Tax Guru

Guidance For Success In Appeals Under Income Tax Act, 1961

Discover how identifying errors in Assessing Officer jurisdiction, notice issuance, and approval under Sections 148/148A can secure favorable ITAT/CIT(A) rulings. Learn key strategies to challenge ...
Tax Guru

CIT(A) Order Set Aside as Advance Tax Requirement Misapplied in Loss Case

The ITAT restored the case for fresh adjudication, noting that the assessee filed a return showing a loss and was not given proper opportunity to be heard before dismissal of ...
blogTO

Canadians running out of time to claim these expiring tax credits

It's never too early to prepare for tax season in Canada, and as the new year approaches, one expert suggests you start ...

Expiring tax credits in Canada that you should claim before it's too late

It's never too early to prepare for tax season in Canada, and as the new year approaches, one expert suggests you start ...

Karta repays more than advance taken, I-T sends tax notice, but ITAT Mumbai rules in favour of HUF

The Mumbai branch of the Income Tax Appellate Tribunal has issued an important ruling, stating that any surplus loan refunds ...
Newspoint on MSN

New Income Tax Act 2025: When will the new ITR forms arrive and what will change? Full details inside

The rollout of the Income Tax Act 2025 has raised an important question among taxpayers — when will the new Income Tax Return ...
CNBC

Do you qualify for the new $6,000 senior tax deduction?

The standard deduction has been super-sized for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim an additional $6,000 without itemizing, thanks to tax ...