The process of rationalization of tax administration is ongoing in India. In case of direct taxes (Income Tax, Wealth Tax, Corporation tax etc.), the burden directly falls on the taxpayer.

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to ...

Form 16 is a certificate issued by an employer that provides details of the salary paid and the tax deducted at source (TDS) ...

The Income Tax Department usually notifies the ITR forms in a phased manner starting in April. The tax authorities will soon ...

Seven different ITR forms were notified in April last year, so it is expected that the tax department will soon make ...

In an important move to stop black money and tax evasion, the Supreme Court has said that all courts and property ...

Non-TAN requirement: Tenants do not need a TAN (Tax Deduction Accountant Number) to file Form 26QC or issue Form 16C.

Experts say that the judgment means anyone who has accepted such a cash payment will now think twice before filing a case in ...

Income Tax Department sets April 30, 2025 as last date for tax arrears declaration under Direct Tax Vivad se Vishwas Scheme.

A person in whose case an appeal or a writ petition (WP) or special leave petition (SLP) has been filed either by him or by ...

Mukesh Ambani is the chairperson of Reliance Industries Limited (RIL) and India’s richest ... With a yearly income of Rs 24 lakh, the driver is liable to pay income tax under either the old ...