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 ...

The government has amended Section 143 of the Income Tax Act to allow comparison of a taxpayer's current ITR with their ...

According to the tax authority, this feature will let tax payers pay taxes without even logging in to the system. It will not require a username or passwords, according to the CBDT.

The Central Board of Direct Taxes is updating income tax return forms. This aims to address income underreporting. The new ...

Applying this principle, the High Court concluded that since the assessment for AY 2011-12 was completed on the date of the search and no incriminating material specific to the assessee or the LTCG ...

To ensure a smooth and error-free ITR filing process, it's essential to keep all the necessary documents handy beforehand.

The preparations for the filing of Income Tax Returns (ITR) for Assessment year ... documents such as interest certificates, dividend statements, salary slips, business income documents etc., ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to file their Income Tax Returns (ITR) for the financial year 2024-25.

Using the wrong ITR form can delay your tax processing or, worse, your return may get rejected. Also, filing your ITR is not ...

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 ...

Income Tax Return: The government has notified the ITR-1 (Sahaj) and ITR-4 (Sugam) forms for the assessment year 2025-26. The government has made certain changes this year and now individuals with ...