It seems that due to deletion of two words – ‘no deduction’ in the proposed new Income Tax Bill 2025 will result in removal...
What is a tax rebate, and why does it matter? A tax rebate is like getting a cashback on your taxes. It...
ITR Filing For FY 2024-25: The Income Tax Act allows individuals to switch between the old and new tax regimes while filing their...
The season for filing income tax returns is around the corner, and the Income Tax Department is all set to kickstart the...
Ministry of finance has clarified that PAN (Permanent Account Number) can be linked to Aadhaar without paying late fee if application for...
Recently, many taxpayers had complained that they had paid TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) on time,...
Meeting income tax deadline is important for the taxpayers, failing which they stand to miss out on tax benefits or may even have to...
Advance tax requires taxpayers to estimate income and pay in installments if liability exceeds Rs. 10,000. Senior citizens without business income are...
Those taxpayers who want to updated their income tax return of previous two years can file an updated return before March 31. Although you...
The newly introduced Income-Tax Bill 2025 has opted to retain the existing deadlines for Income Tax Return (ITR) filing, providing clarity and...