As the financial year 2024-25 nears its end, taxpayers must focus on important tax-related documents, including the Income ...

Many taxpayers unknowingly engage in financial transactions that attract the attention of the Income Tax Department. Even if ...

Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...

Keep proper documentation such as travel tickets, boarding passes, and payment receipts, as LTA claims are subject to ...

Many NRIs using Double Taxation Avoidance Agreement (DTAA) are getting Income Tax notices for claiming benefit of lower or ...

Unsure whether to opt for the new or old tax regime while filing your ITR? Your decision should be based on factors like ...

Form 16 is a crucial document for salaried employees in India, particularly as the income tax return (ITR) filing season for ...

The old tax systems Section 80C tax-saving options are still available for a few weeks of the fiscal year hence taxpayers ...

You can switch between the old and new tax regimes every year if your income comes from salary, interest, or rent ...

Out of these taxpayers, those whose income is between ₹ 1-5 crore is a whopping 3.89 lakh, while those with income between ₹ ...

The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...