The Financial Express1d
Income Tax Return 2025: I-T department upgrades ITR-2 filing process, know new changes
The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...
Tax Guru10h
Income Tax Department Alerts Assessees on Non-Deduction of Tax on Rent
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 ...
CAs, taxpayers push back after Income Tax dept sends rebate notices
One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...
Income tax department to compare your last year ITR with current year’s ITR for any irregularities: How taxpayers will be impacted?
The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...
Tax Guru4h
Understanding HRA, TDS, and Income tax notices: Analysis
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 Financial Express1d
Income Tax Return Filing 2025: Which ITR should you file? Know types of forms
Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...
India Today on MSN3h
Income tax return 2025: ITR-2 filing now made easier
ITR-2 is meant for individuals whose annual income is above Rs 50 lakh or who earn from sources like rent, capital gains, or ...
Income Tax Department issues notices to taxpayers over non deduction of TDS on rent of ₹50,000 or more per month
Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.
Newspoint on MSN4h
Income Tax Notice: Income Tax Department is sending notices to these people, they will have to pay a fine of Rs 10 lakh..
If you have filed your income tax return (ITR File), but all the information in it has not been filled correctly, then you ...
New income tax slabs, zero tax on income up to Rs 12 lakh, 9 other income tax laws effective from April 1, 2025
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 ...
Tax return filings drop by nearly 1 million and extension requests rise as deadline nears
As the April 15 tax filing deadline fast approaches, fewer Americans have filed their federal taxes, and more have requested ...
Almost all wealth is owned by top 50% of Americans. Tax cuts may deepen divide, experts say.
Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...