A topic of regular discussion around Budget presentation and submission period is the statement from Finance Ministry Bureaucrats that Indians are not filing Income Tax Returns and not paying due ...

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

The new tax regime requires no such documentation, allowing only two specific deductions. The Income Tax Act ... taxpayers must file returns by July 31, 2025. Late submissions will only be ...

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

While social media is buoyed over Sitharaman's announcements, a question everyone is asking on the internet: Do we still need to file an Income Tax Return (ITR) even if our taxable income is zero?

the Institute of Chartered Accountants of India (ICAI) has suggested introducing a provision allowing joint income tax return filing for married couples. This proposal seeks to address the ...

Shaadi.com founder and Shark Tank India ... income of up to Rs 4 lakh from taxation. This means individuals earning up to Rs 4 lakh will not pay any tax and will not need to file an Income Tax ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

Income Tax Budget 2025 LIVE: According to the Budget 2025 announcement, the government proposed to increase the threshold for TCS under the Reserve Bank of ... for filing an updated return to ...

Legal notices: The Tax Department collects income statements from various sources. Failure to file ITR may trigger ... Employers across India have set this deadline for submitting evidence to ...

Revised income tax act to simplify rules with formula-based computation, single tax year definition, and reduced forms in budget 2025 India plans to simplify its Decades-old income tax filing ...

The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...