The introduction of the new tax regime in India marks a significant shift in the country's tax landscape, aimed at…
Individual taxpayers must file income tax returns (ITR) before 31 July 2024 to avoid penalties. This deadline marks the final…
The deadline for filing income tax returns (ITR) for the financial year 2023-24 is July 31. There are numerous benefits…
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…
The Indian Income Tax Department provides various income tax return (ITR) forms tailored to different taxpayer scenarios. Selecting the appropriate…
Budget 2024: Tax and consultancy firm EY, as quoted by Moneycontrol, said in a report on June 27 that the…
2024-07-02 11:00:02 Union Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2024-25 in Parliament in the third…
Certain allowances are exempt from income tax up to certain thresholds. This essentially lowers your taxable income, which in turn…
Form 16 holds significant importance for employed individuals in India during the income tax filing process. It includes comprehensive information…
The deadline for filing ITRs for the financial year 2023-24 (Assessment year 2024-25) is July 31, 2024. With just over…
Tax deducted under Sections 192 to 195 of theIncome Tax Act, typically by employers, necessitates issuance of a certificate (most…
With the dawn of Modi 3.0, all eyes are eagerly set on the upcoming Union Budget of 2024, slated for…
Schedule AL was introduced in 2016 after the wealth tax was discontinued. “The government wanted a monitoring system to check…
July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting…
Pre-filled ITRs: The Income Tax Department automatically populates tax return forms with information obtained from employers, banks, and investment entities.…
Availing of necessary deductions and exemptionsTaxpayers should use all available deductions and exemptions to reduce their tax liability. Examining the…
If you are a salaried income tax payer, the process to file income tax return is quite simple, to say…
In an interview with MintGenie, Sharma said that the Government should chalk down a clear transition plan to move to the new…
Correcting any mistakes or omissions in your initial Income Tax Return (ITR) is the aim of filing a revised ITR.…