Failing to file your original or revised ITR by the deadline can result in penalties. If you miss the December 31 deadline, ...

To give individual taxpayers more savings under the new tax regime, the government changed the income tax slabs. The ...

The new tax regime (NTR) lets you compute your income tax at a lower rate slab, but it renders you ineligible to claim most ...

The 2024 income tax reforms introduces revised tax slabs, higher deductions, and simplified TDS and capital gains rules, ...

This is because an income tax return (ITR) is not considered valid unless it has been verified. The tax department’s message ...

The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby ...

Two influential conservative groups are urging Iowa lawmakers to cut state and local taxes. Iowans for Tax Relief president ...

File your income tax return by December 31 to avoid penalties, jail term, and higher TDS rates. Be compliant to avoid ...

Income tax updates for 2024 include revised slabs, enhanced deductions, higher corporate NPS limits, updated capital gains tax rates and revised holding periods. Key changes to impact ITR filing in ...

"This extension is to ensure that all taxpayers are eligible for the rebate under Section 87A.", the court said.

A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

The year 2024 is ending and 2025 is about to knock. This year there have been many changes related to Income Tax, which will ...