The new tax regime (NTR) lets you compute your income tax at a lower rate slab, but it renders you ineligible to claim most ...

5. Failure to submit investment proofs: To understand the chronology, one must first declare the investments to the employer ...

The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby ...

ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer ...

The last date to file a belated or revised ITR for FY 2023-24 is December 31, 2024—ensure all dues and penalties are paid to ...

A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

The Bombay High Court has given a big order regarding ITR filing. Recently, the Bombay High Court has taken a big decision in ...

Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead ...

The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to help taxpayers reconcile discrepancies ...

Non-compliance can lead to penalties of up to ₹10 lakh if foreign assets exceed ₹20 lakh (excluding immovable property).

Pending verification: After filing an ITR, taxpayers must verify their returns either electronically or by sending a signed ...

Advance tax is also called as 'pay as you earn' tax which provisions to deposit advance tax in installments rather than at ...