Tag: taxpayers

The long-standing confusion surrounding Section 87A rebate claims has reared its head again. Despite revising their income tax returns (ITRs) in January 2025 as per the Bombay High Court’s directive, numerous taxpayers-primarily those with total incomes below Rs 7 lakh-are now being served demand notices by …

This year’s budget has been a bag of surprises. One thing is for sure: we can no longer expect any changes to the old tax regime in future; all we can hope for is enough time to adapt to the new regime and be allowed to …