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…
After the implementation of GST, there has been an increase of 18% in the direct tax collections and 17% increase…
‘The burden of proving applicability would be on the assessee to show that his case comes within the parameters of…
Know how NRIs will fill up FSI & TR in ITR2 if claiming tax credit on foreign income..
Overruling its 21-year-old verdict, the Supreme Court today said that when there is ambiguity in tax exemption notification, the benefit…
The due date for filing income tax return has been extended considering the technical and practical difficulties faced by taxpayers…
It is important to be aware of the consequences under the Income-Tax Act, 1961, for delay or failure to file…
Foreign tax credit is available to Indian residents in respect of tax paid on foreign income which is included in…
The CBDT has directed the Income Tax Department to ensure filing all its petitions before the NCLT by next month…
CBDT has extended the due date for ITR filing, considering practical difficulties and genuine hardship. ICAI had recently urged the…
Besides presumptive business income, ITR4 or Sugam allows declaration of income from salary/ pension, income from one house property and…
ITR filing deadline extended: The government on Thursday extended the income tax return filing deadline for almost all individual taxpayers…