
ITR Filing 2024: It is to be seen whether the finance ministry decides to extend the income tax return filing…
All ITR forms contain different set of requirements that qualify various types of taxpayers based on their profiles. Choosing a…
The Gini coefficient figures (mentioned above) shows the level of consumption inequality is way higher in urban households as compared…
Every taxpayer should make an effort to mitigate their tax liability by claiming all the available deductions and exemptions at…
By proactively organizing and readying necessary documents, taxpayers can streamline the ITR filing process and ensure compliance with tax regulations.
The HRA amount is shown in the salary slip of an employee and also the tax projection statement given by…
ITR-1, also known as Sahaj Form, is for resident individuals meeting specific income criteria. Those eligible to file under this…
To file your income tax return, you’ll need several important documents like Form 16, bank certificates, capital gains certificates and…
You can avail of tax benefits on home loans under various Sections of the Income Tax Act. Under Section 80C,…
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…
Terming the media reports “completely misplaced”, the Central Board of Direct Taxes (CBDT) has said that there is no special…
This is for the first time in recent years that the Income Tax department has enabled taxpayers to file their…
The direct tax-to-GDP ratio increased from 5.62% in 2013-14 to 6% in 2022-23.
Adhering to tax deadlines plays a pivotal role in avoiding penalties, interest charges, and ensuring smooth income tax return (ITR)…