The deadline for filing ITR for the last financial year was extended to September 30, 2021, in a bid to provide relief...
ITR filing comes with several benefits but if done incorrectly, can create a lot of trouble for taxpayers. Here are a few...
Some taxpayers have complained that interest and late fee was charged while filing income tax return after July 31, 2021 The Income...
For ITR, the Electronic Verification Code (EVC) plays a crucial role in submitting tax returns through e-verification. Have you filed your Income...
One’s income is split into 5 classes — income from Salary, income from home property, income from business revenue, income from investments/capital...
According to Section 80D of the Income Tax Act, senior citizens may avail a deduction of up to Rs 50,000 for payment...
According to the 50-30-20 rule, 50% of your income should be spent on necessities, 30% on discretionary purchases/personal spending and 20% as...
The Central Board of Direct Taxes issued Income tax and corporate tax refunds of Rs 13,694 crore in 20,12,802 cases & Rs. 32,203 crore cases, respectively. The Central Board...
As per the information provided by the Income Tax Department, section 17 of the Income-Tax Act defines the term ‘salary’. Generally whatever...
The deadline for filing the equalisation levy statement in Form-1 for the Financial Year 2020-21 has been extended till August 31, from...