We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their ...

If you missed the deadline to file your Income Tax Return (ITR) or made mistakes in your earlier submission, there’s good ...

Form 26AS and AIS are important for taxpayers for accurate tax filings, detailing income and transactions. Errors in these ...

The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.

In a relief for taxpayers, the Gujarat High Court has directed the Central Board of Direct Taxes (CBDT) to extend the Income Tax Return (ITR) filing deadline for audit cases. The court clearly stated ...

The simplest way to avoid an income tax notice is to file your Income Tax Return (ITR) before the due date. Make sure the ...

ITAT found authorities erred by upholding CPC's denial of exemption solely because assessee filed ITR-7 instead of ITR-5. Ruling emphasizes that denying a just claim over procedural non-compliance ...

While the IRS hasn’t officially confirmed that the program is dead, the website indicates that the program is closed—and ...

If the Income Tax Return (ITR) is not filed within the due date, a person may have to pay a late fee up to ₹5,000 and also interest on unpaid tax. More importantly, business losses or the capital ...

Vikas Vasal is the national managing partner of tax at Grant Thornton Bharat LLP. He is a chartered accountant and has 20 years of experience in advising clients on tax and regulatory issues. He ...

If you draw a government salary, lenders see you as a steady, low-risk borrower. That translates into better pricing, simpler ...

Chennai: Enforcement Directorate (ED) accused a Coimbatore duo of illegally importing vehicles from Bhutan using forged documents to evade duties. This is part of its probe into the purchase of ...