One must note that prior to issuing a refund, the Income Tax Department must ensure that certain criteria are met. One of the ...

As the end of the year approaches, taxpayers across India are reminded of the impending deadline for Income Tax Return (ITR) ...

Taxpayers have to file income tax returns (ITR filing) once a year. For this, a deadline is fixed by the Income Tax ...

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 ...

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

There are a few income tax deadlines that are set to expire on Dec 31. These include filing of belated return, Vivad Se ...

5. Failure to submit investment proofs: To understand the chronology, one must first declare the investments to the employer ...

Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead ...

Non-compliance can lead to penalties of up to ₹10 lakh if foreign assets exceed ₹20 lakh (excluding immovable property).

Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 ...

Advance tax is also called as 'pay as you earn' tax which provisions to deposit advance tax in installments rather than at ...

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