Income Tax Saving on FD: Fixed Deposits (FDs) provide an investor guaranteed returns in the form of interest earned on deposits. One...
American statesman Benjamin Franklin’s famous quote about the certainty of death and taxes still holds true. So, as it is clear, it...
Taxpayers are mandated to submit an updated Income Tax Return (ITR-U) by the end of March 2024 for the fiscal year 2021...
As the 31st March tax deadline looms just around the corner, many taxpayers find themselves scrambling to finalise their tax-saving strategies for...
March 31 falls on a Sunday while March 30 is a Saturday and March 29 is a closed holiday. The Union Finance...
The income tax laws in India provide several ways to lower your taxable income. As the current fiscal year is coming to...
On a gross basis, before adjusting refunds, the direct tax collection stood at Rs 22.27 lakh crore, an 18.74 per cent growth...
The Income Tax Department has released the offline forms (JSON utility) for ITR-1 and ITR-4 applicable for FY 2023-24 (AY 2024-25). These...
With the implementation of the new tax system and the end of the fiscal year, those in the salaried workforce may find...
Extra collections (post-devolution) would help the Centre to keep the fiscal deficit within the revised estimate of 5.8% of GDP in FY24...