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Income Tax Notice: Income Tax Department is sending notices to these people, they will have to pay a fine of Rs 10 lakh..If you have filed your income tax return (ITR File), but all the information in it has not been filled correctly, then you ...
Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...
The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...
FY 2025-26. As the new financial year begins, many new income tax laws take effect. It is important to take note of these new ...
One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...
Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...
Salaried individuals with an income of up to Rs 12.75 lakh will have no tax liability after accounting for a Rs 75,000 ...
President Donald Trump has stated multiple times that he wants to eliminate income taxes and replace them with tariffs. Such a decision would be one of the most significant changes to the tax ...
The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...
HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA exemption under Section 10 (13A) of the Income Tax Act if they pay rent for ...
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