New Delhi: Form 16 is a crucial document provided by employers to their employees, outlining the TDS (Tax Deducted at Source) deductions from...
The Income Tax Department has issued notices to several taxpayers who contributed donations to political parties registered but not recognized by the...
Last month, the Income Tax Appellate Tribunal (ITAT), Income Tax Department, issued intimation for a refund of Rs 25,464.46 crore. The refund...
New Delhi: The Income Tax Department’s mobile app called AIS for taxpayers, making it easier for taxpayers to access their tax-related information. To...
S. Vasudevan, Executive Partner at Lakshmikumaran & Sridharan Attorneys, says, “The CBDT has introduced new Income tax forms (ITR) for AY 2024-25....
Filing your income tax return (ITR) on time is crucial, and the Income Tax Department strongly advises against waiting until the last...
While giving investment proof to the Income Tax Department, some people submit fake rent agreement and rent receipts to save more tax....
Question: The Income Tax Department has recently notified the new Income Tax Return forms applicable for Financial Year 2023-24 (Assessment Year 2024-25). Accordingly, kindly highlight the...
The government has budgeted to collect Rs 18.23 lakh crore from direct taxes (personal income tax and corporate tax), 9.75 per cent...
Income Tax Returns (ITR): The Income Tax department gives taxpayers multiple chances to fill their Income Tax Returns. December 31 was the...