Income Tax Department’s New Rule, PAN Holders Must Update Aadhaar
The Income Tax Department has issued an important notification, requiring PAN card holders who obtained their PAN using an ...
Tax Guru1d
Income Tax Department Alerts Assessees on Non-Deduction of Tax on Rent
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 Financial Express1d
Income Tax Return 2025: I-T department upgrades ITR-2 filing process, know new changes
The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...
Confused between which ITR form to choose this year for tax return filing? Here's some details
Currently, there are 7 forms notified by the department - ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. It is crucial ...
Prithviraj Sukumaran served with Income Tax Department notice amid L2 Empuraan controversy
The Enforcement Directorate recently raided L2 Empuraan producer Gokulam Gopalan. The IT Department has now issued a notice ...
Almost all wealth is owned by top 50% of Americans. Tax cuts may deepen divide, experts say.
Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...
Tax Guru5h
Understanding HRA, TDS, and Income tax notices: Analysis
HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...
The Financial Express2d
Income Tax Return Filing 2025: Which ITR should you file? Know types of forms
Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...
Income tax department to compare your last year ITR with current year’s ITR for any irregularities: How taxpayers will be impacted?
The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...
Income Tax Return 2025: What’s New In ITR-2 Filing Process? Find Out Here
The Income Tax Department has introduced a new Excel-based utility for ITR-2 which was launched on March 25, 2025.
Income Tax Department issues notices to taxpayers over non deduction of TDS on rent of ₹50,000 or more per month
Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.
Upset over ill health, income tax official dies by suicide in Hyderabad
Jayalakshmi (52), who was working as the Income Tax Inspector in the I-T Department located in the complex, had come to the ...