"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

Indian residents must disclose foreign assets and income in their ITRs by January 15, 2025, to maintain compliance and avoid penalties.

Budget 2024's revamped tax regime offers simplified slabs, higher deductions, and savings up to Rs 17,500 annually, enhancing flexibility and easing tax compliance for taxpayers.

Since you have earned capital gains but have not offered them to tax, your only option now is to file an updated tax return.

Finance Minister Nirmala Sitharaman chaired Pre-Budget talks with Trade Unions and Energy, Infra, and Urban Development ...

Section 80C of the Income tax Act allows specific investments and expenses to be tax-free. By carefully planning investments ...

Important financial updates for taxpayers, UPI users, and investors for January 2025; examine specifics on money rules.

In the matter abovementioned ITAT remanded matter to AO for adjudicating exemption by taking registration u/s 12 A as it is impossible for assessee to mentioned new registration particular in ITR-7.

Skatteforvaltningen is being represented by international law firm Hughes Hubbard in its efforts to reclaim monies related to ...