Taxpayers Alert! Missing This Deadline Could Cost You Heavily The Income Tax Department has urged taxpayers to submit their ...

Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there is no inordinately and inexplicably delay in initiation of penalty proceedings.

Taxpayers in India are racing against time to file their updated Income Tax Returns (ITR-U) for the financial year 2022-23 ...

Finance Minister Nirmala Sitharaman provided this relief against income tax searches and requisition cases; Know more ...

The current deadline to file an updated ITR for FY 2021-22 (AY 2022-23) is March 31, 2025. In her eighth budget speech on ...

FBAR: Accurately answering the foreign account question on Schedule B Form 1040 is critical. It can have significant legal ...

Taxpayers have the option to request a tax extension, which gives you six additional months to file your taxes.

A host of issues has prompted the tax agency to allow both issuers of tax slips and some affected taxpayers to send in their ...

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

CESTAT Chandigarh Rules in Favour of the Assessee: Supreme Court’s Clarification on an Interpretational Issue does not Warrant Automatic Invocation of Extended Period of Limitation – By Vardaan ...

The tax aims to address the city’s housing crisis by encouraging property owners to make vacant homes available for rent or ...

From UAN activation to Updated ITR filing, several important personal finance deadlines are approaching in March, 2025. Read ...