Indian residents must report their foreign assets and income in their income tax returns (ITRs) in accordance with the Indian ...

Taxpayers can now file an online application for rectification of their ITR if it was incorrectly processed. However the ...

The main deadline to file ITR forms to claim refunds is generally July 31st every year, however, a window is open for late ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

ITR: To claim a tax deduction in FY25 for which you would file an income tax return (ITR) before July 31, the investment must ...

The Institute of Chartered Accountants of India (ICAI) has proposed tax reforms to promote climate change mitigation, a ...

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a ...

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty ...

New feature added to the ITR portal streamlines rectification process, which previously required manual submissions and was ...

Extended due date for filing belated Income Tax Return till January 15, with penalties and consequences for non-filers.

CBDT extends the deadline for revised ITR filing to January 15, 2024. Late fees apply. GST annual return deadline remains 31.