
While India’s current fiscal year ends on March 31, 2025, this period provides an excellent opportunity to familiarize oneself with…
Taxpayers, rejoice! These 5 major changes in income tax rules for 2024 simplify the process of filing income tax returns,…
While salaried employees with a HRA component in their salary can claim tax benefits under section 10(13A) of the I-T…
A message circulating on social media claims that as India commemorates 75 years of its Independence, senior citizens above 75…
There are several factors to consider before submitting your investment proof to your employer on time. This will help you…
The government manages seized assets under laws like PMLA, Customs Act, and Income Tax Act, with provisions for disposal to…
Section 10(5) of the I-T Act outlines the exemptions available to salaried employees in relation to LTA w.r.t. travel to…
According to industry experts, the Group of Ministers’ recommendation of a new slab with a tax rate of 35% for…
Taxpayers who fail to file their ITR within the prescribed due date can utilize the provisions of Section 139(4) of…
There have been recent changes to the tax treatment of foreign ETFs. How these changes may impact the taxability of…
Not having a PAN card when required, providing incorrect details, or holding multiple PANs can result in hefty penalties.
The due date for filing returns under Section 139(1) of the Income-tax Act, 1961, for taxpayers required to submit a…
PAN 2.0 will enhance the services and technological capabilities it offers. It will replace software, that is 10 to 15…
The ASSOCHAM pre-Budget memorandum outlines several specific recommendations for the government to rationalize TDS rates and implement a more flexible…
New Vs Old Tax Regime: Taxpayers can avail various deductions and exemptions available under the old tax regime, while there…
I submitted the tax audit report for AY 2024-25 within the prescribed due date, but missed the deadline for filing…
Tax harvesting is an effective way to reduce tax payments by keeping LTCG within the tax-exempt limit.
If you fail to pay taxes on time, it might lead to penalties as well as many problems. Being aware…