The concept of a surcharge is simple – it’s an extra tax on your total tax liability if your income…
There is some leeway in selecting a tax regime thanks to the Income Tax Department. Lower tax rates and a…
Submitting the Income Tax Return (ITR) is essential as it outlines a taxpayer’s earnings over the fiscal year, and doing…
Verifying your Income Tax Return (ITR) after filing is crucial, and fortunately, the Income Tax Department offers several convenient methods…
I-T rules require all taxpayers who hold foreign assets to declare them under Schedule FA. These include stock options, foreign…
The deadline for filing income tax approaches each day, underscoring the importance for senior and super-senior citizens to grasp the…
Budget 2024: Tax and consultancy firm EY, as quoted by Moneycontrol, said in a report on June 27 that the…
Form 16 holds significant importance for employed individuals in India during the income tax filing process. It includes comprehensive information…
For the buyer, this meant stamp duty savings on the ₹16 lakh portion. It seemed like a win-win until the…
Correcting any mistakes or omissions in your initial Income Tax Return (ITR) is the aim of filing a revised ITR.…
Aadhaar-PAN link: The Income Tax Department has recently issued a detailed guide outlining step-by-step instructions on how individuals can link…