One must note that prior to issuing a refund, the Income Tax Department must ensure that certain criteria are met. One of the ...

The year 2024 is ending and 2025 is about to knock. This year there have been many changes related to Income Tax, which will ...

To give individual taxpayers more savings under the new tax regime, the government changed the income tax slabs. The ...

5. Failure to submit investment proofs: To understand the chronology, one must first declare the investments to the employer ...

Two influential conservative groups are urging Iowa lawmakers to cut state and local taxes. Iowans for Tax Relief president ...

Salaried individuals are also required to pay advance tax if their estimated liability after accounting for TDS (Tax Deducted ...

Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead ...

Non-compliance can lead to penalties of up to ₹10 lakh if foreign assets exceed ₹20 lakh (excluding immovable property).

Advance tax is also called as 'pay as you earn' tax which provisions to deposit advance tax in installments rather than at ...

Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 ...

A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer ...