The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

According to a report, Union Finance Minister Nirmala Sitharaman is set to announce an overhaul of the Income Tax Act of 1961 ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

Failing to file your original or revised ITR by the deadline can result in penalties. If you miss the December 31 deadline, ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

ITR: To claim a tax deduction in FY25 for which you would file an income tax return (ITR) before July 31, the investment must ...

One should note that there have been no modifications to the income tax rules, slabs, and rates in the Old Tax Regime.

Once again salaried individuals will be required to file their income tax return (ITR) before the deadline for assessment ...

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty ...

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

File your income tax return by December 31 to avoid penalties, jail term, and higher TDS rates. Be compliant to avoid ...