Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or ...

One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...

The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...

The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...

This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...

In the latest Budget announcement, the Centre has introduced several significant changes related to taxation, particularly ...

As FY 2024-25 ends, businesses must complete critical GST compliance tasks. Key activities include submitting the Letter of ...

The Union Budget 2025 has introduced significant changes to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS), ...

The Centre in the Budget announced many important changes related to tax, especially to make TDS and TCS easy and simple. The ...

It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...

The TDS/TCS submission deadline is March 07, 2025. Late deposits can lead to penalties, interest, and prosecution. Corporates ...