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April 9, 2024 12:06 PM

Income tax department clarifies misinformation regarding HRA claims

Income Tax Department has addressed concerns raised by taxpayers regarding certain discrepancies in the information provided to the department. These discrepancies were identified during routine verification exercises conducted by the department. Th...

January 15, 2024 4:01 PM

Finance Act 2023 amends section 87a, no tax liability for incomes up to Rs 7 lakh

The Ministry of Finance announced a major development in personal income tax benefits through a post on X, indicating the fulfilment of promises made in the Finance Act, 2023. As per the latest amendment to Section 87A of the Income-tax Act, 1961, in...

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Last updated on: 18th November 2024