Taxpayers have two years from the end of the relevant assessment year to voluntarily correct errors or omissions in their ...

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...

Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...

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

Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025, new changes are designed to simplify the tax ...

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

Last chance to file updated Income Tax Returns for AY 2022-23 with additional tax penalties, consequences for non-compliance.

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 ...

Before filing Income Tax Return (ITR) in FY 2024-25 under the old income tax regime you need to complete all necessary steps ...

Old Tax Regime Vs. New – Which Saves You More? Your ability to switch between the two depends on your source of income. While ...

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