The number of individuals reporting taxable income over Rs 1 crore in their tax returns skyrocketed from 44,078 in the assessment year...
As per income tax laws, each taxpayer can claim two houses as self-occupied. Your wife can claim her vacant house as self-occupied...
The IT Department has asked income tax return filers to not make bogus claims for expenses, underreport earnings or exaggerate deductions. The...
Income Tax Return: Missing July 31 deadline means you would not be able to file your return later under the old tax...
ITR Filing After Due Date: if you are eligible for a tax refund, filing your ITR promptly ensures that you receive your...
TAXPAYERS SHOULD NOT wait for the last moment to file their income tax return (ITR). If they miss the deadline, it can...
Taxpayers are supposed to pay income tax via accounts opened at one of the 28 banks where payment of income tax is...
It’s important for every taxpayer to ensure that all relevant financial transactions carried out during the financial year are accounted for when...
The Income Tax Department of India has made significant advancements in streamlining the ITR filing process. Individuals can use the Department’s e-filing...
ITR Filing Last Date: Know how to register on income tax portal to file the ITR ITR Filing Last Date: Filing your Income...