Income Tax
Filing your income tax return is only half the job done. Without e-verification within 30 days, your ITR remains invalid and can lead to …
Income Tax
Many salaried employees are discovering that the popular Rs 200 daily meal voucher tax exemption is not available when filing returns for Assessment Year …
Income Tax
Taxpayers can now access their foreign asset information in the Annual Information Statement (AIS) on the income tax portal, helping them report overseas holdings …
Income Tax
The Income Tax Department has enhanced the Annual Information Statement to display foreign asset details for the past three calendar years, improving transparency and …
Income Tax
The Income Tax Department is unlikely to extend the July 31 deadline for filing returns this year. Taxpayers should understand the reasons behind this …
Income Tax
Karnataka High Court rules that an income tax order isn't automatically invalid if the Document Identification Number (DIN) is provided through a separate communication …
Income Tax
Moving abroad doesn't automatically exempt you from Indian tax obligations. Understanding your residential status and income sources is crucial for NRI tax compliance.
Income Tax
India's net direct tax collections have witnessed robust growth, reaching Rs 6.51 lakh crore with a 16.4% increase, reflecting improved economic activity and better …
Income Tax
India's net direct tax collections have reached Rs 6.51 lakh crore by mid-July, reflecting strong economic momentum and improved compliance. This significant 16.4% year-on-year …