Salaried individuals receiving a house rent allowance as part of their salary can claim HRA exemption if they pay rent for their...
Arrears bring both relief and a headache when it comes to filing taxes. While they signify delayed but deserved earnings like salary,...
As per income tax rules, misreporting income is against the law and bound to attract heavy penalties. Section 270 of the Income...
In a bid to offer lower tax rates with fewer deductions and exemptions, compared to the Old Tax Regime, Finance Minister Nirmala...
Defective income tax return: You may make mistakes when performing tasks that are unfamiliar, such as filing income tax returns (ITR). These errors...
Section 89(1) of the Income Tax Act, 1961 provides for relief from tax on arrears of salary. Income Tax Return Filing: When tax...
ITR Filling 2024: The process to file income tax returns for FY 2024 began on April 01, with the commencement of ney financial...
Any gains accrued from subsequent transactions involving the transfer of VDAs are subject to tax under Section 115BBH. As the deadline for...
Even as the online gaming industry awaits a review of the 28% goods and services tax (GST) on the sector, the GST...
ITR Filing 2024: The Central Board of Direct Taxes (CBDT) has rolled out a new functionality in the Annual Information Statement (AIS)...