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

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

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 ...

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 has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is ...

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 ...

If you have filed your income tax return (ITR File), but all the information in it has not been filled correctly, then you ...

Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

The bank stated that a demand notice under Section 156 of the Income Tax Act, including Rs 243.02 crore in interest, was ...

As the April 15 tax filing deadline fast approaches, fewer Americans have filed their federal taxes, and more have requested ...

The 2025 deadlines are: Before midnight on Thursday May 22 for departments 01 (Ain) to 19 (Corrèze), as well as those who ...