Before filing your ITR for FY 2024-25, it’s important to keep your documents as per the old or new tax regime you choose and ...

Capital loss on share buybacks will be allowed if corresponding dividend income is disclosed as “Income from Other Sources,” effective from October 1, 2024. The threshold for reporting assets ...

The income tax department has not yet notified the income tax return forms. As the one month is about to pass, will the late ...

1. Foreign Tax Credit (FTC) is a mechanism to provide relief to the taxpayers to claim credit in India for the taxes paid in overseas country on the doubly taxed overseas sourced income (i.e., taxed ...

As the new assessment year 2025-26 gets underway, people across the country — especially salaried taxpayers — are preparing to file their Income Tax Returns ... Pick Wisely India has two ...

Avoid penalties and delays this ITR season by steering clear of common tax filing mistakes. Understand and learn the top five ...

The Delhi High Court, after reviewing the reasons recorded by the AO for reopening the assessment, observed that there was a clear absence of tangible material pertaining directly to GE Renewables ...

Taxpayers can now file their returns on the Income ... in various parts of India as well as people earning below specified thresholds. According to the Income Tax Department website, every person ...

and Income Tax Returns (ITRs), to identify discrepancies and potential under-reporting.” “Key initiatives like the Annual Information Statement (AIS) and Statement of Financial Transactions ...