Income Tax
Section 44ADA offers a simplified tax calculation scheme for eligible professionals, allowing them to declare 50% of gross receipts as income without maintaining detailed …
Income Tax
The government plans to introduce five significant bills during the Monsoon Session of Parliament, covering income tax reforms, MSME support, and other key legislative …
Income Tax
Union Finance Minister Nirmala Sitharaman has launched 'PRARAMBH 2026', a new initiative by the Income Tax Department aimed at enhancing taxpayer services and modernizing …
Income Tax
Filing your income tax return is only half the job done. Without e-verification within 30 days, your ITR remains incomplete and invalid, which can …
Income Tax
The popular meal voucher tax exemption has undergone significant changes that affect how salaried employees can claim this benefit in their income tax returns …
Income Tax
The Income Tax Department now allows taxpayers to view their foreign asset information in the Annual Information Statement (AIS), helping ensure accurate disclosure and …
Income Tax
The Income Tax Department has enhanced the Annual Information Statement portal to display foreign asset information for three calendar years, helping taxpayers track overseas …
Income Tax
The Income Tax Department is unlikely to extend the July 31 deadline for filing returns for FY 2023-24. Here's what taxpayers need to know …
Income Tax
Karnataka High Court clarifies that income tax orders remain valid if the Document Identification Number is communicated separately after the original order, provided proper …