This scheme is specially for those taxpayers whose cases are stuck with the Income Tax Department in the courts or…
Existing ITR laws provide relief to certain groups residing in various parts of India as well as people earning below…
It is not necessary to attach any documents while filing your returns. However the details given in various documents will…
In a recent judgment, the Mumbai Income Tax Appellate Tribunal (ITAT) ruled that such an exchange cannot be taxed under…
For this assessment year, if you receive less income tax refund or do not get any refund at all, you…
Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and…
ITR Filing: Seven different ITR forms were notified in April last year, so it is expected that the tax department…
Data shared on the income tax portal indicates that the total number of e-verified returns stood at 8.64 crore during…
Senior citizens are given an exemption limit up to Rs 3,00,000 while very senior citizens (people above the age of…
New finance rules April 1: The new income tax slab, changes in UPI rules and the introduction of the Unified…
In the financial year 2024-25 (till March 16, 2025), the government’s net direct tax collection reached Rs 21.26 lakh crore,…
It is very important to follow the deadline for filing tax, otherwise you will not get the benefit of tax…
Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns…
Income Tax Return Filing AY 2024-25: If you missed reporting foreign assets in your ITR for AY 2024-25, file a…
The verification process will specifically target instances where multiple ITRs have been submitted using the same email address and exhibit…
Income tax refund speed varies based on several factors, such as the type of ITR form filed, the complexity of…
Many taxpayers are wondering whether they are allowed to switch their preferred income tax regime and avail new benefits announced…
Meanwhile, some taxpayers who filed tax return much earlier are still waiting for their refunds. In some cases, refunds were…