The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...

Taxpayers have a crucial opportunity to reduce their tax burden by filing their updated Income Tax Return (ITR-U) before ...

Tax rebate under Section 87A helps taxpayers lower their tax liability under both tax regimes – old and new. Before July 5, taxpayers were allowed to claim this rebate on even special-rate ...

In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits. However, this choice isn't permanent and can be revisited annually. Whether you are a ...

ITR filing 2025: Before filing your income tax return, it is vital to compare the tax computation under both the tax regimes i.e., old and new. And you can opt for the regime which gives lower tax ...

The Income Tax (IT) Department has intensified scrutiny of high-income individuals with disproportionately low bank withdrawals compared to their lavish lifestyles in a bid to curb tax evasion.

Even as the financial year 2024-25 is coming to an end with just one month left, the ITR filing for the year (assessment year 2025-26) will likely start from April 1, 2025. The facility will be ...

We have everything you need to know about tax credits, changes and deadlines, and more. Get the info you need to prep and file your 2024 income tax return. Doing your own taxes? Prepping your ...

The income tax department has released a list of 30 banks that are now available for e-Pay tax services at e-filing portal for the income tax returns (ITRs). ITR filers will see two new banks added ...

A review of how the Canada Revenue Agency (CRA) administered the 2023 filing requirements for bare trusts finds that the main ...

Employees can claim Leave Travel Allowance (LTA) exemption while filing their Income Tax Return (ITR), even if their employer has not included it in Form 16. However, they must follow proper ...