
Revise the defective ITR within 15 days of notice addressing the defects
The income tax department today said it has picked up only high tax evasion cases for scrutiny, which account for…
Return filing has its benefits; one of which is that it allows you to paint a complete financial picture of…
Income Tax refund: Recently, some people wrote on social media platforms that they had received such messages.
With the extension of due date for filing tax returns, some simultaneous changes have also been made in the online…
The government received Rs 6,416 crore as self-assessed tax from over 2 lakh persons who were served with notices for…
As many as 2.09 lakh ‘non-filers’ filed income tax returns in last fiscal and paid taxes worth Rs 6,416 crore,…
What if you were asked to pay tax based on the number of windows in your house or how many…
The Central Board of Direct Taxes’ (CBDT) latest Central Action Plan, for instance, seeks to incentivise the CIT (Appeal), the…
Whenever a property is sold in India, the seller makes a capital gain.
The Gujarat High Court today allowed a man to file his income tax return (ITR) manually instead of doing it…
If you are one of those who have still not filed their tax return or are still wondering which ITR…
Are you an NRI and have either invested or want to invest in an immovable property in India? Here’s how…
There are 5 sources stipulated under the Income Tax Act, 1961, like salary, business or profession, house property, capital gains…
It is necessary for taxpayers to understand some important provisions of the Income-Tax Act which will help them avoid any…
Self-assessment tax has to be computed by the taxpayer on his own and then the same is required to be…
The Bangalore bench of ITAT has recently ruled that PF interest earned after the date of cessation of employment of…
What happens when the income tax returns are not filed in a timely manner? Is it possible to go back…