The Income Tax Department has increased its vigilance against unreported income to combat tax evasion. You are currently required to submit PAN...
ITR 1 Sahaj Form: ITR 1 form is the most commonly used form for ITR filing. ITR 1 is filed by taxpayers whose income is...
The Delhi bench of the ITAT gives ruling in the case of Shivani Madan (the taxpayer), in which it upheld a taxation...
Union Budget 2023 has made the New Tax Regime attractive by providing taxpayers with an opportunity to claim some deductions. As per...
Section 115BAC Income Tax Calculator as per Finance Bill 2023: The Income Tax Department has released a tax calculator that can be...
The government has proposed to increase the income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax...
ITR filing Last Date for AY 2023-24: For income made in FY 2022-23, the last date to file an Income Tax Return...
The income tax department earlier used to notify ITR forms for the relevant financial year either by March or April The Central...
The Central Board of Direct Taxes (CBDT), through a notification dated February 10, has notified ITR forms 1-6, ITR-V (verification form) and...
New income tax regime: In the union budget 2023, finance minister Nirmala Sitharaman made some changes in the new income tax regime to...