Indian taxpayers must disclose foreign income and assets in their income tax return each year to avoid penalties up to ₹10 ...

For most taxpayers, filing an income tax return (ITR) is an annual ritual that is tedious but unavoidable. Despite the income ...

Filing the income tax return is only half the battle. After submission, you have 30 days to e-verify your return.

Taxpayers should ensure that exempt incomes are reported under the appropriate heads even where no tax is payable.

As of now, there is no CBDT notification extending the AY 2026-27 filing deadline for individual taxpayers. Therefore, ...

Confusion surrounding the new Income Tax Act, 2025, and its transition from Assessment Year (AY) to Tax Year (TY) is ...

The Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ...

Do you plan to file income tax returns under the old tax regime? The first thing to know is that your ITR must be filed ...

Income-tax returns: NRIs are subject to income-tax in India depending on their residential status. Here's a look at the applicable tax slabs, surcharge rate, rebate, and marginal relief that they can ...

Remember that non-filing carries costs beyond penalties. You forfeit the TCS credit and leave an unexplained AIS footprint ...

To help taxpayers catch up on missed filings or report previously unrecorded income, the government introduced the Updated ...

Those liable to paying taxes in India, the knowledge of basic financial terms is must. The same is true of those planning to ...