Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...

As the financial year 2024-25 nears its end, taxpayers must focus on important tax-related documents, including the Income ...

In Budget 2025, many rules related to income tax were changed. According to this, now taxpayers will be able to file their ...

Out of these taxpayers, those whose income is between ₹ 1-5 crore is a whopping 3.89 lakh, while those with income between ₹ ...

More than 9 crore people have filed their income tax returns (ITR) for the financial year 2025 (as of February 28), according ...

More than 9 crore people have filed their income tax returns (ITR) for the financial year 2025 (as of February 28), according to latest data from the Income Tax Department.

Many NRIs using Double Taxation Avoidance Agreement (DTAA) are getting Income Tax notices for claiming benefit of lower or ...

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

Every year, while filing (ITR), taxpayers face a common dilemma, should they choose the new tax regime or stick to the old ...

The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...

Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...

In India, taxpayers can choose between the old ... All depends on how the ITR utility is configured," said Balwant Jain. Even after the due date, you can revise a return and change the tax regime ...