While filing income tax returns, we need many documents. Many times it happens that while filing the return, we come to know ...

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

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

The Income Tax Appellate Tribunal (ITAT) recently granted relief to former cricketer Kapil Dev, ordering that ₹1.5 crore he ...

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

The revised income tax structure will introduce updated tax brackets starting from April 1, 2025. Individuals earning up to ...

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

If you have claimed HRA but didn’t deduct TDS on rent and the tax Department may invalidate your claim. The tenants must ...

On perusal of the Intimation order u/s 143 (1) of the Act dated 01.12.2023, it is observed that the claim of tax relief of Rs.34,09,987/- Under Section 90/90A of the IT Act was disallowed.

The law requires tenants to deduct TDS at 2% on rent above Rs 50,000 per month, in case the landlord is a resident Indian.

The Rajasthan High Court addressed a case where Namrata Jain, an NRI residing in the USA for over 15 years, challenged an income tax reassessment initiated under Section 148A(d) of the Income Tax Act, ...

Over the past few years, we have seen the Indian crypto market evolve quite rapidly. While adoption continues to rise, many ...