As India awaits the Narendra Modi 3.0 government's first full-year Budget, it is an opportune time to learn about the basics ...

Section 80C of the Income tax Act allows specific investments and expenses to be tax-free. By carefully planning investments ...

Meeting these deadlines is crucial for individuals and businesses to adhere to their tax obligations, avoid fines or interest ...

In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security ...

India is on the cusp of a green energy revolution, and the government has rolled out a green carpet of tax breaks to lure investments into the sector. These incentives aim to slash the cost of ...

Indian residents must disclose foreign assets and income in their ITRs by January 15, 2025, to maintain compliance and avoid penalties.

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

The final recommendations from ICAI for simplifying the I-T Act include introducing a special tax regime for partnership ...

Since you have earned capital gains but have not offered them to tax, your only option now is to file an updated tax return.

The exam is scheduled to be held in various centres such as Delhi, Lucknow, Hyderabad, Kanpur, Chandigarh, Kolkata, and ...

The petitioner challenged the reassessment notices, arguing that there was no suppression or failure to disclose material facts necessary for assessment. The High Court examined the provisions under ...

The Income Tax Department has announced 2025 recruitment for Processing Assistant Grade B posts, offering salaries up to Rs 1,42,400 per month. Applications are open for eligible candidates with no ...