The income tax department has recently launched the online version of the ITR-2 forms, following the earlier release of ITR-1 and ITR-4...
The income tax department has enabled online forms for ITR-1, ITR-2, and ITR-4, among others, with pre-filled data The online ITR filing...
The income tax (I-T) department has told banks, foreign exchange dealers, and other reporting entities that they have a ‘couple of days...
e-Appeals Scheme 2023: With an aim to reduce the pendency of appeals at the level of income tax commissioners, the Central Board...
The SFT is an important tool for the Income-tax Department to track high-value transactions and to identify potential tax evasion. AStatement of...
The Income Tax department has notified the e-appeals scheme, which will ensure electronic filing and processing of appeals. Under the ‘e-Appeals Scheme,...
New Delhi: While filing Income Tax Returns (ITR) House Rent Allowance (HRA) exemption is claimed by salaried taxpayers against the actual rent...
The income tax (I-T) department is closely monitoring advance tax payments of companies by scrutinising their annual and quarterly balance sheets as...
India’s gross direct tax collection during the last fiscal ended March 2023 grew over 20 per cent to Rs 19.68 lakh crore....
Filing Income Tax Return (ITR) is an important financial obligation for individuals and entities to report their income and pay taxes to the government....