The Income Tax Department has recently introduced an enhanced version of the Excel-based utility for Filing ITR-2, designed ...

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

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

There is a grace period of 15 days for submission via e-filing, which effectively means that the final deadline for Form BE ...

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

If your monthly rent exceeds ₹50,000 and you’ve claimed HRA without deducting Tax Deducted at Source (TDS), the Income Tax Department’s automated system may flag your return.

If newly retired American's aren't careful, tax time could be a nightmare that ends in a big tax bill. What to know to avoid ...

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 ...

April 15 is the drop-dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are owed $781 or even more.

Union Finance Minister Nirmala Sitharaman said that a special campaign carried out by the Income Tax Department has led to ...

The Finance Minister said in the Lok Sabha that SMS and e-mails were sent to around 19,501 taxpayers, asking them to review ...

Gujarat High Court ruled in favor of Social Security Scheme of Gujarat Institute of Civil Engineers and Architects, a registered charitable trust, allowing the condonation of delay in filing Form 10B ...