Salaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...

Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...

Indian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...

Individuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...

With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...

A Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...

Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...

Salaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...

The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...

Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...

FCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...

Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...

ITR filing deadline: The income tax return filing deadline is July 31, 2023. Many taxpayers and CA associations are requesting for an exten...

With the taxpayers complaining about issues with the new e-filing portal this year as well, are there any chances of the income tax departm...

This is the second time in this financial year that the government has extended the ITR filing deadline for individuals whose accounts are ...

Last year as well various tax-related deadlines were extended by the government due to the novel coronavirus pandemic.

As per CBDT press release, the last date of filing income tax return for FY 2019-20 is further extended to December 31, 2020. This deadline...