The Income Tax Department has issued an important notification, requiring PAN card holders who obtained their PAN using an ...

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

The Enforcement Directorate recently raided L2 Empuraan producer Gokulam Gopalan. The IT Department has now issued a notice ...

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 ...

One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...

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 ...

The Income Tax Department has introduced a new Excel-based utility for ITR-2 which was launched on March 25, 2025.

ITR-2 is meant for individuals whose annual income is above Rs 50 lakh or who earn from sources like rent, capital gains, or ...

The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...