A taxpayer may have a strong case on merits, but missing the appeal deadline can still prove costly. In a…
The Income Tax Department launches the FAST-DS scheme for small taxpayers to voluntarily disclose undisclosed foreign assets and income by…
If the notice is real, read it carefully and respond within the deadline using the official channel. If you suspect…
Senior citizens aged 75+ with only pension and interest income can now avoid filing ITR using Form No. 125 under…
Quoting of PAN is mandatory for submitting the declaration in Part A of Form No. 121 by the declarant.
Holding foreign stocks, bank accounts or ESOPs? A small mistake in reporting them in your ITR can lead to a…
From April 1, 2026, new Income-tax Rules will change how salary perks, employer housing, car benefits, loans and gifts are…
Amid growing concerns over income tax refund delays, scammers are targeting anxious taxpayers with fake “pending refund” messages. After one…
A recent ITAT ruling has shown that even tax-free gifts from relatives can become taxable if proper donor details are…
While the new Income-tax Act, 2025 has already been passed, these rules are crucial because they explain how the law…
At present, taxpayers residing in Mumbai, Delhi, Kolkata and Chennai can claim HRA exemption of up to 50% of their…
Post-Budget FAQs issued by the Income Tax Department reveal some important but lesser-noticed tax changes announced in Budget 2026. These…
Budget 2026 has changed how ITR deadlines work. Filing dates will now depend on the ITR form used. While salaried…
Income Tax Slabs Expectation Budget 2026: Union Budget 2026–27 is expected to keep income tax reforms in focus as FM…
Income Tax Slabs Expectation Budget 2026: Union Budget 2026–27 is expected to keep income tax reforms in focus as FM…
As Budget 2026-27 approaches, taxpayers are keenly watching whether the government will once again tweak income tax slabs under the…
From April 1, 2026, the new Income-tax law will replace ‘Assessment Year’ with ‘Tax Year’ to simplify tax filing and…
NRI son’s tax dilemma: I am an NRI living in the UK and regularly send money to my parents in…