Today marks the beginning of the new financial year 2025-26. With the new year, a lot of changes are effective. This includes ...

The bill reduces the number of chapters from 52 to 23 and pages from 823 to 622, eliminating redundant and obsolete provisions. This structural simplification makes the tax code more accessible and ...

Filing ITR is not only a legal responsibility but also important for taxpayers' financial health. It keeps a record of one's ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

1. Brief details of Information collected/received.

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

Permanent Account Number, a ten-digit alphanumeric number, issued by the Income Tax Department plays a key role in financial ...

The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With ...