In a positive move for salaried employees, the Income Tax department has announced revisions to the valuation norms for rent-free accommodation provided...
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a...
Income Tax department said that boards for advance rulings have been operationalised in Delhi and Mumbai, which will function through email-based procedures and conduct...
Revised Income Tax Return: every taxpayer (including belated ITR) is allowed to file the revised ITR under Section 139(5) if they made...
The number of income tax returns (ITRs) filed for FY2023 has surpassed 6.81 crore. The number is expected to cross 7.8 crore...
Income Tax Notice news AY 2023-24: Salaried employees can get a notice for making fake HRA claim. Salaried employees living on rent...
New Delhi: Net direct tax collection for the current financial year is Rs 5.84 lakh crore, which is 17.33 percent more than net...
The Income Tax Department has issued a clarification, asserting that it does not send messages containing URLs to taxpayers. This announcement comes...
Any gift of shares to a certain relative is tax exempt in the hands of the recipient. Agift could be in the...
Many social media users have in the recent past posted tweets about receiving revenue share from X. Remuneration received by individuals from...