
Taxpayers required to file their income tax return should take into consideration the following.
Changing the head of F&O income from ‘business income’ to ‘speculative income’ will be a big step because it will…
It is expected that hiking the tax exemption limit will leave more disposable income in the hands of people, especially…
Individual taxpayers who are not required to audit their financials, need to take note of these documents that they may…
After the new government formation, the focus is now shifted to the Union Budget 2024-25. Taxpayers are hopeful that the…
Form 16 and Form 16A are certificates provided under Section 203 of the Income Tax Act, 1961, to employees whose…
Taxpayers are usually careful and exercise due diligence while filing ITRs, but in a rush to file returns before the…
Every taxpayer should make an effort to mitigate their tax liability by claiming all the available deductions and exemptions at…
Under Section 56 of the Income Tax Act, any monetary gift, immovable property, or movable property received by an individual…
With some useful tips, taxpayers can ensure that their returns are filed accurately and they can also avoid potential queries…
As per section 2(42A) of the I-T Act, gains derived from any immovable property held for a period of up…
By implementing these five simple tips in accordance with the latest changes in ITR regulations, taxpayers can effectively reduce their…
The tax department in a social media post said “Kind Attention Taxpayers, Please link your PAN with Aadhaar before May…
By proactively organizing and readying necessary documents, taxpayers can streamline the ITR filing process and ensure compliance with tax regulations.
From maximizing deductions to investment strategy, understanding why tax plans matter after April is key for people looking to optimize…
Taxpayers are required to ensure that the details reported in ITR are in line with the information in AIS.
As per income tax rules, misreporting income is against the law and bound to attract heavy penalties. Section 270 of…
Some changes were introduced in the Budget 2023 to encourage taxpayers to adopt the new tax regime. The new regime…