Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

In case of an NRI property seller in India, the buyer is responsible for withholding a tax, known as TDS, before making payment for the property. Awareness of the TDS procedure will enable a smoother ...

Y ou should file the tax return by July 31, 2025 if you have earned taxable income in India during the current financial year ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

Finance Minister Nirmala Sitharaman gives more details of one of the most anticipated laws of our times – the new Income Tax Bill which is to be tabled in Parliament in the next few days. Speaking ...

Although the income tax department has made efforts to automate the filing process, the tight deadlines have proven challenging for taxpayers. Alok Agrawal, Partner with Deloitte India ...

Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint ...

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully ...

Almost all finance ministers of India have faced ... also avoid paying income tax. While only 2% of the population pays income taxes, nearly half of the companies that file income tax returns ...

The introduction of pre-filled Income Tax Returns (ITRs) has proven to be a significant advancement in streamlining the tax filing process. However, there is a strong need for further enhancement ...

MUMBAI: Scores of taxpayers, including the salaried, who were unable to claim an income-tax (I-T) rebate in their tax returns ...