New Delhi: Net direct tax collection for the current financial year is Rs 5.84 lakh crore, which is 17.33 percent more than net...
The Income Tax Department has issued a clarification, asserting that it does not send messages containing URLs to taxpayers. This announcement comes...
Any gift of shares to a certain relative is tax exempt in the hands of the recipient. Agift could be in the...
Section 80D of the Income Tax Act allows deductions on money spent as premium for health insurance policy and for healthcare of...
Under the Sukanya Samriddhi Yojana, the interest rate is 8.0 per cent per annum, with effect from July 1 this year. The...
ITR Refund Scam ALERT – A new record of over 6.77 crore Income Tax Returns (ITRs) were filed till 31st July, 2023. As...
When filing late ITR, you may not be able to set off or carry forward losses (except for house property losses) or...
Taxpayers need to verify their income tax returns within 30 days; however, if you file ITR today, can you verify your ITR...
It is advisable to complete your income tax returns filing before the due date (July 31, 2023) as the Government of India...
The last date to file ITR for the financial year 2022-23 (assessment year 2023-24) is July 31, 2023. There will be no...