It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted ...

The ICAI, in its Pre-Budget Memorandum 2025, has recommended the inclusion of a provision allowing married couples to file ...

The Income Tax department has released Excel utilities in two major forms ITR2 and ITR3 for enabling taxpayers to claim the ...

Bombay High Court had given an interim relief by ordering the tax department to extend the revised and belated ITR filing ...

By Ben Aris in Berlin The Biden administration imposed theharshest ever oil sanctions ever on Russia on January 10 that ...

Here’s a step-by-step guide to help you understand and calculate your income tax under both the old and the new regime.

For “non-business cases," taxpayers can elect their preferred tax regime each year by selecting the option in their Income ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

While the old regime allows for various exemptions and deductions, the new regime offers reduced tax rates with limitations ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...