KSCAA has reported that the tax department has been erroneously processing many income tax returns (ITRs) and even imposing ...

Originally set for November 30, 2024, the new filing deadline is now December 15, 2024, for the Financial Year 2023-24 ...

The claim that senior citizens over 75 are exempt from income tax and filing IT returns is false. However, those with only ...

The due date for filing returns under Section 139(1) of the Income-tax Act, 1961, for taxpayers required to submit a report ...

This extension is applicable to taxpayers who have global transactions and are needed to provide reports under Section 92E ...

A vast majority of income tax filers want simplified ITRs for individuals, easier way for computing incentives and deductions ...

Aadhaar updates are free until December 14, while belated income tax returns can be filed until December 31 with penalties.

Small states and Union Territories such as Jammu & Kashmir and Mizoram also recorded a sharp rise in women filing income-tax ...

December brings financial updates, including policy changes and new rates, impacting savings, spending, and investments.

CBDT advises accurate reporting of foreign income in ITRs as online filers face challenges. Learn how to overcome issues with ...

A Deloitte survey reveals that most income tax filers in India want simpler ITR forms, easier incentive calculations, and a ...

A Deloitte survey suggests simplifying ITR forms, TDS framework with 'one rate one section', and streamlining deductions & ...