Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns as ...

A more pronounced slowdown in urban consumption and high food inflation have solidified calls for lowering the burden on India’s salaried class, which could in turn spur demand and boost overall ...

India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law ...

Funds qualifying under the JPF regime will receive approval within 48 hours from when a complete and satisfactory application has been received by the JFSC. At the time of writing, a one-off ...

In this episode of Tax Notes Talk, Tax Analysts Chief Operating Officer Jeremy Scott reviews the 2024 developments in U.S. tax legislation and speculates what may lie ahead in 2025.

Expectations of senior citizens include a proposed revision to the basic tax exemption limit within the new tax regime.

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

Taxpayers remain unable to claim the Section 87A rebate on STCG income due to outdated ITR processing logic, even after recent updates to filing forms by the Income Tax Department.

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

The ITR filing utilites for ITR-2 and ITR-3 has been updated on January 4, 2025 however, the JSON schema is not yet updated ...

People who earn above a specific amount must pay tax on their income and it is called income tax. The government sets the tax ...