Tax experts said based on an initial review, the new Income Tax Bill does not seem to introduce any significant changes to ...

Finance Minister Nirmala Sitharaman introduces new Income Tax Bill, simplifying language, eliminating redundant provisions, ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

With the employee tax assessment (ANV), many employees can reclaim some of the taxes they have paid. It can be particularly ...

MILLIONS of workers could save thousands of pounds by making a simple tax check ahead of April. Anyone employed or paid via ...

Observing an 8.63% increase in turnover for AY 2017-18, the AO applied this same percentage to allowable expenses, disallowing any expenditure exceeding this growth rate. The ITAT deemed this ...

Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute before the Income Tax Appellate ...

An updated tax return, filed as per Section 139(8A), permits taxpayers to correct omitted or inaccurate income declarations.

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

ITR-U is a form that lets taxpayers update their income tax returns if they missed filing the original or belated return or ...

Anyone who missed a crucial HMRC tax deadline last week could be in line for a £100 fine - unless they've got a good excuse.