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

The Income Tax Department has uncovered discrepancies in assets declared by TMC MLA Debashis Kumar. Seizures from his residence during rece...

New tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...

The Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on property and oth...

Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify compliance. The deadlin...

Taxpayers filing belated ITRs after the deadline of September 16, 2025, may face late fees, even with no tax liability under the new regime...

While it is true that you may not have any tax dues, that alone does not mean you can skip filing your return. Filing ITR is not just about...

The Central Board of Direct Taxes has made updated Income Tax Return filing easier. Taxpayers can now use ITR-3 and ITR-4 forms on the e-fi...

Taxpayers filing ITR-2 and ITR-3 using Excel utilities can encounter errors leading to incorrect tax calculations and potential rejection o...

The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income exemption limi...

Benefits of filing an ITR: There are multiple benefits of filing an income tax return (ITR). As per Swapnil Bhaskar, Chief of Strategy, Niy...

If your income is below the basic exemption, then you need not file an income tax return. Despite this if you voluntarily file your ITR, it...

An updated income tax return (ITR-U) can be filed within 24 months from the end of the relevant assessment year, provided the deadline for ...

Contrary to the norms, the Central Board of Direct Taxes (CBDT) notified the income tax return forms for FY 2022-23 (AY 2023-24) in Februar...

Now, what the government has done from this particular tax filing is that all your tax payments, so whatever taxes you have paid are also n...

The new schedule for VDA requires details like date of acquisition, date of transfer head under which income to be taxed (capital Gain), co...

Income tax return (ITR) filing is mandatory if an individual's gross total income exceeds Rs 2.5 lakh in a financial year (FY). If an indiv...