Taxpayers who failed to file their returns on time can correct the omission using ITR-U. Errors in the previously filed ITR, such...
Income Tax Act provides certain avenues to save tax by investing funds in specified securities like PPF, LIC premiums, fixed deposits, ELSS...
Ah, Tax season. Two little words that can trigger a wave of anxiety. But fear not! Filing your Income Tax Return (ITR)...
As the 31st March deadline is approaching, taxpayers are in a rush to find more tax saving options. Some of them might...
Contributions to charity can be an excellent way to contribute to society and also decrease your tax liability in India. Here’s an...
Updated ITR deadline: As the deadline for updating Income Tax Returns (ITRs) for the fiscal year 2020-21 draws near, many individuals have...
Provident fund is already deducted by most of the employers on which tax won’t be deducted in case you come under the...
Arecent survey has highlighted the complexities of tax compliance for NRIs and OCIs. India has the world’s largest overseas diaspora, with approximately...
In the wake of the new fiscal year, April 1, 2024, sweeping changes in the tax landscape herald major implications for personal...
Despite fewer deductions, certain allowances and exemptions remain available under the new tax regime. These are mentioned below. New Delhi: As the financial...