Taxpayers who want to check their ITR refund status online must ensure they have the following essential details: a valid ID and...
As the financial year 2023-24 comes to a close, salaried taxpayers must focus on completing their income tax returns. A critical document...
A huge number of taxpayers, over 2.2 crore, are yet to complete their filings with only 5 days remaining for the July...
The Income Tax e-Filing Portal provides taxpayers with a convenient way to track the status of their refunds. Here is a comprehensive...
IT department alerts taxpayers on fake news circulating about ITR deadline and warns about tax refund scams The Income Tax department issued...
The income tax department has stated that there has already been significant growth in tax collections in the first quarter of FY25....
For the financial year (FY) 2023-24, the new tax regime is the default option for taxpayers. Finance Minister Nirmala Sitharman announced some...
Union Budget 2024: The FM said that more than two-thirds of tax filers availed of the new personal income tax regime in...
Globally, in most jurisdictions, there is no bifurcation of capital gains between long term and short term. Besides, unlike India, capital gains...
The Act is divided into various chapters, each dealing with different aspects of income tax. It contains several sections, each addressing specific...