With income up to Rs 12 lakh now eligible for a rebate under Section 87A, many senior citizens may end up paying zero tax ...

You can file your ITR for FY 2024-25 without errors in a few simple steps. You just need to plan it well ahead of the ...

As the new regime becomes the default, here’s how both systems compare on tax rates, deductions and overall savings.

Income Tax Return (ITR) is a form that a person submits to the Income Tax Department of India to report their income, expenses, investments, tax deductions, and taxes paid. Filing an ITR helps the ...

This tax document is crucial for salaried workers while they submit their income tax return—here's everything that you ...

It is a recognized truth that any measure of income taxation must pass the following tests: The tax should be reasonable& the tax payer must feel benefitted by the contribution made; The tax must ...

Explore legal tax-saving options for salaried individuals in FY 2024-25, covering Section 80C, 80D, HRA, home loan interest, ...

NFAC deletes penalty on taxpayer misled by unqualified agent; case highlights misuse of fake deductions, procedural lapses, and risks of unauthorized ...

Taxpayers are gathering crucial documents for the income tax returns filing for Financial Year 2024-25, ahead of the extended ...

With the September 15 deadline approaching for FY 2024-25 income tax return submissions, individual and corporate taxpayers ...

Tax experts warn that hefty penalties can be imposed for fake claims. Under section 270A, taxpayers can be charged a 200% ...

I-T Department Cracks Down on Fake Deductions The Income Tax Department is taking strict action against taxpayers who are falsely claiming deductions under various sections of the Income Tax Act. On ...