Prudent taxpayers never look at tax liability as a burden, instead they focus on using various provisions under the Income Tax Act to maximise...
In its notification, the Finance Ministry has said that subsection 2B of section 192 of the IT Act 1961 has been amended...
While India does not currently have an estate tax or inheritance tax, there are other taxes that may come into play, such...
In a message on social media platform X, CBDT said the due date for assessees of Section 139 has been extended from...
In a significant development for taxpayers, the Central Board of Direct Taxes (CBDT) has announced an extension for the due date of...
If you and your wife own the flat equally, the rental income will be split in the same proportion. If the ownership...
The Central Board of Direct Taxes (CBDT) on Saturday extended the deadline for corporates to file income tax returns for the Assessment...
ITR filing: The number of individuals declaring over Rs 1 crore as taxable income surged fivefold from assessment year (AY) 2013-14 to...
The number of taxpayers with more than ₹1 crore of taxable income rose by more than five times to just under 2.3 lakh...
Diwali, the festival of lights, is a time of joy, celebration, and exchange of gifts. Whether it’s cash, jewelry, or other valuable...