
If you file Income Tax Return (ITR) every year, then you will need to be more cautious than before while…
Filing ITR is not only a legal responsibility but also important for taxpayers’ financial health. It keeps a record of…
Millions of American taxpayers are preparing to file their individual tax returns for the 2024 tax year.
It is important to highlight that Section 115BAC of the I-T Act, which pertains to the New Tax Regime, is…
Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late…
Budget 2025: ICAI has floated a proposal before the government for allowing joint tax filing by married couples in India.…
Taxpayers who fail to file their ITR within the prescribed due date can utilize the provisions of Section 139(4) of…
File your ITR by Dec 31 to avoid a Rs 10,000 fine; missed July 31 deadline? Pay Rs 5,000 and…
Income Tax Return Filing AY 2024-25: If you missed reporting foreign assets in your ITR for AY 2024-25, file a…
Taxpayers who fail to disclose foreign assets or income in their ITR could face a penalty of Rs 10 lakh…
I submitted the tax audit report for AY 2024-25 within the prescribed due date, but missed the deadline for filing…
The verification process will specifically target instances where multiple ITRs have been submitted using the same email address and exhibit…
A tax return is considered defective if it is submitted without all the requisite information or documentation mandated by law.…
The Income Tax Department topped in searches on Google Trends last week, as the tax department has yet to issue…
Tax platform ClearTax has partnered with Microsoft to streamline tax filing for workers employed in the informal sector across India.
ITR 2024 last date came to an end on July 31 after the Income Tax Department decided not to extend…
One of the reasons for the delay in ITR processing is the type of ITR form chosen by the taxpayer…
Income tax refund speed varies based on several factors, such as the type of ITR form filed, the complexity of…