Are you a Parent? Important Tax Benefits You Should Know on this Universal Children’s Day

1. Parenting encompasses both joy and significant responsibilities, particularly in the realm of financial planning to ensure a secure future for children. On this Universal Children’s Day, we aim to…

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AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]

The Tribunal’s ruling addressed the primary ground of appeal regarding the legality of the re-opening, effectively favoring the assessee The Delhi Bench of Income Tax Appellate Tribunal( ITAT ) quashed…

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CBDT exempts State Legal Service Authority Union Territory Chandigarh from Income Tax u/s 10(46) [Read Notification]

The Central Board of Direct Taxes (CBDT ), vide notification no. 15/2024 dated January 23, 2024 has notified the income tax exemption to the “State Legal Service Authority Union Territory…

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