Currently, there are 7 forms notified by the department - ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. It is crucial ...

This article explains the concept of a Lower Deduction Certificate, its legal basis, eligibility, and the detailed procedure ...

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

This ruling means non-residents are not taxed on overseas income, benefiting expatriates seeking employment abroad. A person who is a tax resident of India has to pay tax on his global income.

ITAT Chandigarh held that mere statement recorded during the search cannot be treated as incriminating document and hence addition on the basis of the same is not sustainable. Accordingly, appeal of ...

The chart indicated that India charged 52 per cent tariffs, including currency manipulation and trade barriers, and America ...

Real wages refer to the income a worker earns that is adjusted ... wages for salaried workers in India have stagnated since 2019. Real wages for salaried jobs Real wages for salaried jobs were ...

If you want to save some income tax by reducing your total taxable income then Section 80G is one of the available options.

Investigations suggest that Rahees's personal documents may have been fraudulently used for donations during the 2022 Punjab ...

From April 1, 2026, income tax officials will officially have the mandate to read people's emails and social media platforms if they presume tax evasion, unreported wealth, or disguised financial ...

In India, the taxability of alimony hinges on ... nor is it deductible for the payer under the Income Tax Act, 1961. "This position has been upheld in Princess Maheshwari Devi of Pratapgarh ...