If you have not filed an Income Tax Return (ITR) yet, then fill it out immediately, as the Income Tax Department has stated ...

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

Every year, while filing (ITR), taxpayers face a common dilemma, should they choose the new tax regime or stick to the old ...

The provision for filing an updated return was introduced in the Finance Act of 2022 when Finance Minister Nirmala Sitharaman ...

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

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

It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...

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.

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