The countdown for the union budget has officially begun as we enter the new year. As Finance Minister Nirmala Sitaraman will ...

Choosing between the New and Old Tax Regime depends on an individual’s financial profile. The New Tax Regime is more suitable ...

The Income Tax slab for senior citizens is part of the Indian Income Tax Act and supports their financial stability by ...

Even if your return has been processed and you have received a refund or paid any additional tax that may have been demanded, you can revise your return.

Taxpayers now have the option to submit rectification requests online, even if their Income Tax Returns (ITRs) are under ...

The updated system allows taxpayers to file rectification requests online, regardless of who holds access rights.

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...

Nov. 20, 2024 — Wings may be the obvious choice when studying the connection between dinosaurs and birds, but a pair of paleontologists prefer drumsticks. That part of the leg, they say, is ...

The Income Tax Department is allowing eligible taxpayers to claim the section 87A tax rebate in updated ITR forms. This ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.