KSCAA has reported that the tax department has been erroneously processing many income tax returns (ITRs) and even imposing ...

Originally set for November 30, 2024, the new filing deadline is now December 15, 2024, for the Financial Year 2023-24 ...

The claim that senior citizens over 75 are exempt from income tax and filing IT returns is false. However, those with only ...

The due date for filing returns under Section 139(1) of the Income-tax Act, 1961, for taxpayers required to submit a report ...

A vast majority of income tax filers want simplified ITRs for individuals, easier way for computing incentives and deductions ...

Small states and Union Territories such as Jammu & Kashmir and Mizoram also recorded a sharp rise in women filing income-tax ...

CBDT advises accurate reporting of foreign income in ITRs as online filers face challenges. Learn how to overcome issues with ...

Whether you are an individual, a business owner, or part of a government office, this December 2024 tax calendar outlines key ...

The tax department and its administrative authority Central Board of Direct Taxes (CBDT) recently launched a campaign to ...

The government has started the consultation process for reviewing the Income Tax Act, 1961. The review is being done to ...

Key financial deadlines for December 2024 include Aadhaar updates, changes to AU Small Finance Bank credit cards, IDBI Bank ...

A Deloitte survey suggests simplifying ITR forms, TDS framework with 'one rate one section', and streamlining deductions & ...