The Delhi High Court has held that an application for revision under Section 264 of the Income Tax Act, 1961 can be preferred by an assessee who makes suo motu disallowance in its Return of Income (RoI/ ITR), under a bonafide yet mistaken belief that …

… that led to an unintended tax liability, finding that the failure of …

Millat Tractors Limited (PSX: MTL) has decided to challenge the Federal Board of Revenue’s (FBR) order of Rs. 18 billion in sales liabilities and penalties, the tractor maker informed the main bourse on Monday. “This refers to the news published in …

… .75 lakh will have zero tax liability. Income Tax Slabs 2025: Nil … regardless of whether the final tax liability, after deductions and rebates, amounts …

… lakh now have a nil tax liability. To advertise here, Contact Us …

… not on actual tax liability payable. Even where the tax liability is NIL on … a tax return with NIL tax liability." “This enables the government … Section 87A, resulting in zero tax liability. Union finance minister Nirmala Sitharaman …

Union Finance Minister Nirmala Sitharaman's announcement of no tax will be payable on annual income up to Rs 12 lakh was highlight of her 8th budget presented under the Modi government on Saturday. Over 100 announcements pertaining to sectors ranging …

10:20:31 AM IST, 01 Feb 2025 Income Tax Budget 2025 Live Updates: What is current income tax slab? Income Tax Union Budget 2025: Under the new, default tax regime, there is no income tax levied on annual income of up to Rs. 3,00,000. Between Rs. 3,00,001 …

… it does not depend on tax liability. Several green energy credits, extended … accessible to taxpayers with no tax liability and to tax-exempt entities … possibility of a negative federal tax liability. An example of a refundable …

… a credit against their income tax liability. The proposed critical minerals production …