Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
12 Jun, 2026, 07.11 AM IST
Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
22 May, 2026, 04.22 PM IST
Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
14 May, 2026, 05.05 PM IST
Nil deduction certificate for small taxpayers, announced in Budget 2026Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax dedu...
03 Feb, 2026, 01.00 PM IST
Early ITR filing date, late foreign tax info: How FTC rule and global timeline mismatch hurts ROR taxpayers - what Budget 2026 must fixResident and Ordinarily Resident (ROR) taxpayers with foreign income face challenges due to the December 31 deadline for revised and belate...
22 Jan, 2026, 02.07 PM IST
Supreme Court allows 10% GST appeal pre-deposit via credit ledger in major relief for businessesThe Supreme Court has supported a ruling regarding Goods and Services Tax law. Companies can now use Electronic Credit Ledger for mandatory...
19 May, 2025, 09.50 PM IST
Budget 2024: Key GST-related challenges MSMEs expect to be addressedUnion Budget 2024 might introduce GST reforms favoring MSMEs, critical to GDP, employment, and exports.
16 Jul, 2024, 10.52 AM IST
Thousands of taxpayers get GST notices for FY18Tax experts said this would lead to an increase in litigation over the next three months while hitting cash flows of companies as they woul...
30 Sep, 2023, 07.25 AM IST
Government exempts small businesses from filing returns for FY22The amendment also allows for enabling automatic revocation of goods and services tax (GST) registrations cancelled once the return filing ...
07 Jul, 2022, 12.24 AM IST
Govt extends validity of lower withholding tax orders by 3 months till June due to COVID-19The Central Board of Direct Taxes (CBDT) in its order gave a major relief to taxpayers whose application for lower or nil deduction of TDS/...
31 Mar, 2020, 04.50 PM IST
Govt extends GST return filing deadline for cos who want to claim credit for past taxesThe extended deadline also allows the taxpayers to file form TRAN 1 by August 28, which is a pre-requisite to claim the opening credit.
18 Aug, 2017, 09.13 AM IST
- I-T can't be Saral so long as laws are taxing
The finance ministry will soon unveil a new format for income-tax returns that will hopefully make tax filing easier for the salaried and p...
06 Apr, 2010, 02.54 AM IST
- I-T now takes a less taxing form
The government has notified the simplified forms for 2007-08, it will came into effect from Tuesday.
16 May, 2007, 12.29 AM IST
- Look how 'Saral' is taxman's heart
Saral was meant to be filled by taxpayers without the help of advisors and would help enlarge the tax base.
14 Feb, 2007, 02.02 AM IST
- Why to submit Form 2F?
Tax payers filing their income tax returns post July 31, ’06 for the FY '05-06 can use the new Form 2F.
14 Jul, 2006, 12.00 AM IST
- AIR to door: Taxman won’t come knocking at will
The recent uproar over the income tax department seeking cash flow statements of individual tax payers could result in some safeguards bein...
11 Jul, 2006, 03.36 AM IST
- 4-page I-T form notified, to replace Saral from Aug
Tax authorities on Friday notified a four-page income tax returns form that would ultimately replace Saral (simple) one-page form in a bid ...
02 Jun, 2006, 01.52 PM IST