The Income Tax Department has introduced a new online facility allowing taxpayers to correct certain errors in tax payment ...

Indian taxpayers must disclose foreign income and assets in their income tax return each year to avoid penalties up to ₹10 ...

The "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax ...

If the premium is borne entirely by the employer and is not recovered from the employee's salary, the employee is generally ...

A smooth ITR filing experience begins with preparation. Taxpayers should ensure these things and keep certain documents and ...

With the Income Tax Department relying heavily on data analytics and information reported by banks, brokers, registrars, ...

Do you plan to file income tax returns under the old tax regime? The first thing to know is that your ITR must be filed ...

Filing an income tax return for the first time may seem challenging, but following the correct steps and keeping all required ...

The Income Tax Department has set different ITR filing deadlines for AY 2026-27 based on income source and audit status. Key ...

The Income Tax Department has launched online and Excel utility options for ITR-3 filing for AY 2026-27, enabling eligible taxpayers to file returns via the e-filing portal.

Pension received by a retired employee is treated as salary income under the provisions of the Act and is taxable under the ...

According to Mrinal Mehta, Joint Secretary at the Bombay Chartered Accountants' Society (BCAS), the growing number of revised ...