The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...

You can switch between the old and new tax regimes every year if your income comes from salary, interest, or rent ...

This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...

Every year, while filing (ITR), taxpayers face a common dilemma, should they choose the new tax regime or stick to the old one? In Budget 2023, the government made the new tax regime the default ...

Independent Texas Recyclers, which once served some 1 million Houston households, allegedly missed payments on equipment and ...

One expert last month predicted the short-term impact of tariffs would be “devastating” for both Canada and the US, ...

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...

The provision for filing an updated return was introduced in the Finance Act of 2022 when Finance Minister Nirmala Sitharaman ...

To claim the LTA exemption without Form 16, you must appropriately declare it in your Income Tax Return (ITR). According to ...

It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...

This article discusses the top mistakes taxpayers make concerning PAN when e-filing returns and simple tips to avoid them.