
The Income Tax Department is expected to notify the filing forms for the financial year 2024-25, or Assessment Year 2025-26,…
The delay in notifying the ITR forms and releasing their utilities for AY 2025-26, despite no major structural amendments in…
Learn how to manage capital gains and tax treatment for property sales. Find out how to claim exemptions under Section…
So, if your employer deducted taxes based on the old tax regime, you can still shift to the new regime…
This user-friendly option allows individuals to pay income tax through various methods such as net banking, debit card, over-the-counter payments,…
Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section…
For this assessment year, if you receive less income tax refund or do not get any refund at all, you…
The Income Tax Department has now made tax scrutiny data-based and risk-focused. AI tools are now able to check how…
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…
The new form is aimed at addressing some of these procedural ambiguities related to block assessments, the Central Board of…
The purpose of section 194P is to provide relief to those senior citizens whose income is limited and who feel…
The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption…
ITR is mandatory for those individuals whose annual taxable income is more than the basic exemption limit. Under the Old…
The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is…
Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income,…
ITR Filing: The salary slips of your entire financial year give information about your salary, allowances and deductions. These will…
The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is specially…