
With ITR forms for FY 2024-25 already available, now is the ideal time to prepare and avoid last-minute mistakes.
Different tax returns are prescribed for filing by individual taxpayers depending on their income and its source as well as…
The delay in notifying the ITR forms and releasing their utilities for AY 2025-26, despite no major structural amendments in…
The changes effected in the Form 16 format will ensure that the information about different taxes, deductions and exemptions on…
The Income Tax Department has issued a notification stating that 1% TCS will be imposed on sale of certain luxury…
Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and exemptions…
This scheme is specially for those taxpayers whose cases are stuck with the Income Tax Department in the courts or…
Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section…
It is not necessary to attach any documents while filing your returns. However the details given in various documents will…
In a recent judgment, the Mumbai Income Tax Appellate Tribunal (ITAT) ruled that such an exchange cannot be taxed under…
For this assessment year, if you receive less income tax refund or do not get any refund at all, you…
Under section 269ST of the Income Tax Act, receiving more than Rs 2 lakh in cash is prohibited, whether it…
The Income Tax Department has now made tax scrutiny data-based and risk-focused. AI tools are now able to check how…
The NSS is a government-backed savings scheme, which offers safe investment options and assured returns. This scheme was launched specifically…
The Income Tax Department uses modern tools like data analytics and artificial intelligence to catch the difference between your expenses…
ITR Filing: Seven different ITR forms were notified in April last year, so it is expected that the tax department…
Stating that he has seen “regulatory oppression” by successive governments at the Centre and state level, the IT industry veteran…
If Trump’s universal tariff policy extends its reach to software APIs, cloud services, or semiconductors passing through American channels, the cost…