The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

If you have filed your income tax return (ITR File), but all the information in it has not been filled correctly, then you ...

One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

FY 2025-26. As the new financial year begins, many new income tax laws take effect. It is important to take note of these new ...

As the April 15 tax filing deadline fast approaches, fewer Americans have filed their federal taxes, and more have requested ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA exemption under Section 10 (13A) of the Income Tax Act if they pay rent for ...

The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...

Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...

As per the company regulatory filing, the tax department issued the notice on March 29, 2025, after reviewing payments made by Mphasis to its foreign subsidiaries and associated enterprises. The ...

Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.

Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...