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

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

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 ...

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

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

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

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

ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer ...

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

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 ...

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

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