Taxpayers stand to benefit from a 45-day extension for filing returns due to significant ITR form changes in Budget 2024. However, errors c...

HRA tax exemption rules: The HRA tax exemption reduces the total salary before calculating taxable income, helping employees save on taxes....

Two out of three respondents in our survey believed honest people pay more tax, while one out of five respondents felt that the tax authori...

Fake HRA Claims: If a tenant is using someone else's PAN to make a fake HRA claim, then without doubt the tenant would get into trouble, ho...

HRA tax exemption documents, proofs: House Rent Allowance (HRA) is generally part of an individual's salary structure. To save tax on rent ...

HRA tax fraud: The investigation by the tax department began when authorities stumbled upon purported rent receipts totaling approximately ...

HRA Exemption for rent paid to family member: The Income Tax Act allows an individual to claim HRA tax exemption provided specified conditi...

As the Finance Minister and her team sit down to prepare the Union Budget, here are some ideas worth including in the Bill. Most are to tax...

The new format will allow I-T department to view a detailed break-up of the income and tax breaks.

Thousands of taxpayers file faulty tax returns. For that, the taxpayer is liable, not the ITR preparer.

The online filing system introduced to bring in transparency can easily be short-changed as one can claim tax refund without any supporting...

"Infra, steel, textile, power and telecom, all these sectors are internally important and dealing with the stressed assets system will requ...