Submit proofs promptly to reduce TDS, maximise tax savings, and ensure smooth compliance before filing your ITR.

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

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

Indian residents must disclose foreign assets and income in their ITRs by January 15, 2025, to maintain compliance and avoid penalties.

File your income tax return by December 31 to avoid penalties, jail term, and higher TDS rates. Be compliant to avoid ...

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.

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