If you have filed your income tax return (ITR File), but all the information in it has not been filled correctly, then you ...

FY 2025-26. As the new financial year begins, many new income tax laws take effect. It is important to take note of these new ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

ITR-2 is meant for individuals whose annual income is above Rs 50 lakh or who earn from sources like rent, capital gains, or ...

Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA exemption under Section 10 (13A) of the Income Tax Act if they pay rent for ...

The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...

Salaried individuals with an income of up to Rs 12.75 lakh will have no tax liability after accounting for a Rs 75,000 ...

The feature, launched in January 2025, allows individuals to file rectification applications directly with their respective ...

One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...

The Income Tax Department has issued a tax demand of Rs 158.25 crore to food delivery platform Swiggy Ltd. for the assessment ...