
You can avail of tax benefits on home loans under various Sections of the Income Tax Act. Under Section 80C,…
Form 16 makes tax filing easy for salaried individuals as it gives them all the necessary details like salary income…
Though Form 16 makes it easier to file tax return for salaried taxpayers, ITR filing is possible even without Form…
ITR Forms 1, 2, 4, and 6 were enabled on the tax department’s e-filing portal earlier this month. Excel utilities…
The CBDT, which comes under the finance ministry, said that several grievances have been received from the taxpayers that they…
Transitioning from the old tax regime to the new one primarily hinges on key factors such as income level, potential…
There are ways and means by which the taxpayers can claim TDS credit as per the procedures laid down by…
This is for the first time in recent years that the Income Tax department has enabled taxpayers to file their…
Taxpayers who failed to file their returns on time can correct the omission using ITR-U. Errors in the previously filed…
14.11% NRIs from Australia followed by 13.10% and 8.06% from the UK and the US, respectively, consider double taxation as…
With respect to Financial year 2020-21, a taxpayer can file an updated return on or before 31st March 2024.
As part of the e-campaign, the Department through emails and SMS has urged some taxpayers to compute their advance tax…
Section 80G of the Income Tax Act, 1961 provides for deductions on account of donations made to various funds, charitable…
Taxpayers filing ITR-1 will be required to indicate their choice of the tax regime in the return of income, and…
Adhering to tax deadlines plays a pivotal role in avoiding penalties, interest charges, and ensuring smooth income tax return (ITR)…
The department said such communication is to facilitate the taxpayers and make them aware of the information available with the…
The Income Tax Department has played the role of an early Santa Claus this year by unveiling the Income Tax…
The taxpayer can temporarily park his/her proceeds in the savings account as the investment in specified bonds needs to be…