It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...

Submitting tax-saving proofs on time not only reduces TDS but also streamlines your tax compliance. While 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Taxpayers remain unable to claim the Section 87A rebate on STCG income due to outdated ITR processing logic, even after recent updates to filing forms by the Income Tax Department.

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

Important financial updates for taxpayers, UPI users, and investors for January 2025; examine specifics on money rules.

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

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

The Income Tax Department recently conducted search and seizure operations on Delhi Police personnel after discovering fraudulent refund cl.