Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to January 15, 2025, ...

Once again salaried individuals will be required to file their income tax return (ITR) before the deadline for assessment ...

Finance Minister Sitharaman revamped the income tax slabs in Budget 2024, enabling savings of up to ₹17,500. The standard ...

One should note that there have been no modifications to the income tax rules, slabs, and rates in the Old Tax Regime.

The main deadline to file ITR forms to claim refunds is generally July 31st every year, however, a window is open for late ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

ITR: To claim a tax deduction in FY25 for which you would file an income tax return (ITR) before July 31, the investment must ...

Failing to file your original or revised ITR by the deadline can result in penalties. If you miss the December 31 deadline, ...

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a ...

The Institute of Chartered Accountants of India (ICAI) has proposed tax reforms to promote climate change mitigation, a ...

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty ...