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.…
As the deadline of July 31 to file income tax return (ITR) for FY 24 draws closer, taxpayers are expected…
A senior or super senior who earns more than the exemption amount is still required to pay taxes even though…
With the deadline of July 31 to file income tax return (ITR) approaching fast, taxpayers are expected to be scurrying…