If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If ...

Indian residents must report their foreign assets and income in their income tax returns (ITRs) in accordance with the Indian ...

Taxpayers can now file an online application for rectification of their ITR if it was incorrectly processed. However the ...

The main deadline to file ITR forms to claim refunds is generally July 31st every year, however, a window is open for late ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

If you've filed your return and are wondering about the status of your refund, there are two main ways to check: the Income ...

The Institute of Chartered Accountants of India (ICAI) has proposed tax reforms to promote climate change mitigation, a ...

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

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a ...

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...

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

Earlier, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st ...