As the end of the year approaches, taxpayers across India are reminded of the impending deadline for Income Tax Return (ITR) ...

Taxpayers have to file income tax returns (ITR filing) once a year. For this, a deadline is fixed by the Income Tax ...

To give individual taxpayers more savings under the new tax regime, the government changed the income tax slabs. The ...

5. Failure to submit investment proofs: To understand the chronology, one must first declare the investments to the employer ...

Two influential conservative groups are urging Iowa lawmakers to cut state and local taxes. Iowans for Tax Relief president ...

Salaried individuals are also required to pay advance tax if their estimated liability after accounting for TDS (Tax Deducted ...

Non-compliance can lead to penalties of up to ₹10 lakh if foreign assets exceed ₹20 lakh (excluding immovable property).

Income tax updates for 2024 include revised slabs, enhanced deductions, higher corporate NPS limits, updated capital gains tax rates and revised holding periods. Key changes to impact ITR filing in ...

A belated return is filed under Section 139(4) of the Income Tax Act if the original deadline is missed. Taxpayers filing ...

Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 ...

A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer ...