Tax Guru14h
Budget 2025: Clarity in Taxation of Unit Linked Insurance Policies (ULIPs)
The Finance Bill 2025 proposes amendments to clarify the taxation of Unit Linked Insurance Policies (ULIPs). Under Section 10(10D) of the Income-tax Act, exemption on life insurance proceeds is ...
'Personal income tax buoyancy helped to offer relief; states may have deregulations as conditions for capex loans'
Buoyant personal income tax revenue allows tax relief in FY26 budget, according to finance secretary Tuhin Kanta Pandey.
Income tax cheer hides a shrunk Budget—uncovered in 8 charts
The government announced a massive income tax relief in a bid to stimulate consumption in the economy, while also staying ...
Tax season has begun. Here’s when you’ll get your refund
Tax season is underway. The IRS has debuted a new online tool to help taxpayers check the status of any refund they may be ...
Union Budget 2025: Big income tax relief, push to Make in India and other highlights
Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. She announced no income tax on ...
2025 Tax Filing: Live Daily Updates, Tax Tips, News and IRS Deadlines
So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...
Tax Guru2d
ITAT Chennai Dismisses Duplicate Income Tax Appeal Filed by Assessee
1. Aforesaid appeal by assessee for Assessment Year (AY) 2018-19 arises out of the order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT (A)] dated ...
Received a message about Section 80GGC deduction from the Income tax department? Here's what to do
Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.