Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...

Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...

Don’t let last-minute tax filing cost you money! From choosing the wrong ITR form to missing deductions, here are the biggest ...

This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...

The GDP growth in Q3 FY25 was driven by enhanced rural consumption due to favourable monsoon conditions and higher government ...

Every year, while filing (ITR), taxpayers face a common dilemma, should they choose the new tax regime or stick to the old one? In Budget 2023, the government made the new tax regime the default ...

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...

The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...

The ruling underscores that tax authorities must provide ‘detailed, well-supported, and logically sound justifications’ when ...

You can switch between the old and new tax regimes every year if your income comes from salary, interest, or rent ...

This article discusses the top mistakes taxpayers make concerning PAN when e-filing returns and simple tips to avoid them.