The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify ...

Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

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

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

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

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

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

File your income tax return by December 31 to avoid penalties, jail term, and higher TDS rates. Be compliant to avoid ...

CBDT extends the deadline for revised ITR filing to January 15, 2024. Late fees apply. GST annual return deadline remains 31.