Selecting the incorrect Income Tax Return (ITR) form can result in incomplete reporting of information, potentially leading ...

As FY 2024-25 ends, ITR season 2025 starts in April. Suresh Surana advises finalizing tax-saving investments, submitting ...

As the financial year 2024-25 concludes, taxpayers face critical tax-related deadlines today, March 31, to avoid penalties ...

Additionally, the ITAT upheld the disallowance of a ₹1 lakh deduction under Section 80C for LIC premium and tuition fees, as the assessee did not provide supporting documents. The tribunal observed ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

ELSS funds could be a good tax-saving avenue for investors opting for the old tax regime and seeking to create wealth over ...

The purpose of section 194P is to provide relief to those senior citizens whose income is limited and who feel unable or ...

As FY25 is coming to an end, taxpayers need to finalise investments if opting for old tax regime, adjust TDS, pay advance tax, and optimise capital gains, among others, to better prepare for ITR ...

The SCSS offers a secure investment option for senior citizens with a fixed income and tax benefits. The interest rates for ...

A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better.

Investments up to a limit of Rs 1.5 lakh in a year in a PPF account are eligible for tax deductions under Section 80C of the ...