The Income Tax Department has released the Excel utility for Income Tax Return (ITR) Form 6 for the assessment year 2025-26, enabling eligible companies to file their returns for the…
The Income Tax Department has enabled online filing for ITR-3 on its e-filing portal for Assessment Year 2025–26 (Financial Year 2024–25), easing return submissions for individuals with income from share…
The Income Tax department is in the process of framing rules, forms, and procedures under the proposed Income Tax Bill, 2025, which aims to replace the six-decade-old direct tax legislation,…
NEW DELHI: Have you received an email asking you to download your e-PAN card? If yes, you are advised to ignore it. The Press Information Bureau’s Fact Check unit has…
ITR filing. A proper understanding and appropriate response to these notices can help you avoid penalties, conserve time and remain stress-free. (AI image) ITR filing FY 2024-25: As the Income…
NEW DELHI: The Income Tax Department has officially notified the updated return form, called ITR-U, allowing taxpayers with an extended window of four years to rectify or update their income…
The Income-tax framework has undergone key changes as Income Tax Department has recently updated the capital gains taxation table, especially taxation on securities-related income earned by residents, non-residents, and foreign…
A significant change includes the increase in the reporting threshold for assets and liabilities under 'Schedule AL'. (AI image) Income Tax Return Filing FY 2024-25: The Income Tax Department has…
Tax officials are requesting verification of claims submitted in previous Income Tax Returns (ITR). (AI image) Income tax payers claiming House Rent Allowance (HRA) exemptions should take note. The Income…
IndiGo's parent company, InterGlobe Aviation, faces a Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22. The company described the order as erroneous and…