You can file a revised return under Section 139(5) any time before 31 December 2024 to correct this error. If you miss...
I bought Kisan Vikas Patra in 2021 and plan to encash it in the current financial year after the lock-in period ends....
Vivad Se Vishwas Scheme 2024: The Central Board of Direct Taxes (CBDT) has announced the Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV),...
The government has notified October 1 as the starting date for direct tax dispute resolution scheme Vivad Se Vishwas 2.0. The government...
There are several government savings schemes that offer good returns along with tax benefits. These investment options cater to different needs of...
The income tax department sends tax notices to taxpayers if any error is noticed in the submitted income tax return (ITR). Depending on the...
Tax authorities can file appeals before the ITAT, high courts and Supreme Court, if the disputed tax demand exceeds Rs 60 lakh,...
Advance tax payments are split into four installments with specific due dates: 15% by June 15, 45% by September 15, 75% by...
Income Tax: Salaried employees can optimise their taxes by leveraging deductions such as 80C and 80D, and by making contributions to the...
In India, gifts above ₹50,000 from non-relatives incur tax, while those from close relatives remain exempt. Understanding these tax rules and the importance...