Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...

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

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

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

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

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 ...

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

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

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

The GDP growth in Q3 FY25 was driven by enhanced rural consumption due to favourable monsoon conditions and higher government ...

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