Received your April salary? Beyond appraisal, here’s what more you should look for in your payslip and take-home salary
The draft 2026 framework proposes to compress this to 333 rules and 190 forms, cutting the number of forms by more than half
THE WEEK examined the allegations on IT raid and the nuances of the department's search procedures
India’s salaried middle class hopes for more IT relief, higher standard deductions, and measures against rising living costs
The hashtag, #Extend_Due_Date_Immediately, has again been trending on X for the past few days, amid the launch of the new feature
The CBDT has also advised taxpayers to file a revised ITR in case they had made possible errors in their filing
Before this CBDT rule change came to fruition, errors in ITR filings meant an absolute hassle: a lot of back and forth involved between the taxpayer and jurisdictional assessing officers until the issue was resolved
November brings with it several compliance deadlines, including those for TDS deposits, AY 2025-26 Income Tax Return (ITR) filing under Transfer Pricing regulations, and Form 27C submission
The I-T Department's extension also follows recent decisions by the high courts of Punjab, Haryana, Gujarat, and Himachal Pradesh to extend the audit report filing deadline from October 31 to November 30
Niti Aayog pushes for reform to boost voluntary compliance, ease of doing business, and reduce litigation in India regarding taxes
This comes days after the deadline to file income tax returns (ITR) expired on September 16, despite online backlash
Income tax refunds typically take 4-5 weeks to reach your bank account, but may take longer, either due to errors, or processing delays
The ITR filing deadline has been extended to September 16, but taxpayers still face glitches on the portal. Here's what you need to know about what happens next if you miss the deadline
Many netizens also argued that one extra day was insufficient to file income tax returns due to the website's issues
Netizens across India complained online about facing glitches on the website while trying to file their income tax returns for FY25-26, blaming the website's inability to handle increased traffic
Taxpayers need to be aware of the default New Tax Regime, how to switch to the Old Tax Regime if needed, and see if thery ticked the detailed checklist on documents needed to ensure accurate and compliant submission of IT Returns
Nirmala Sitaraman will present the revised version of the Income Tax Bill 2025 at the Lok Sabha Today. The new bill aims to simplify the old complex Income Tax Act of 1961 by simplifying the text to have updated language, fewer ambiguities and a fixed, clear structure
Aadhaar verification will be required for PAN card applications and tatkal train bookings. Major banks are also introducing charges for credit card transactions.
The Central Board of Direct Taxes recently notified of changes to income tax return forms for FY 2024-2025
Filing after the deadline but before December 31, 2025, could result in a late fee of up to ₹5,000
From a slew of deductions in the old regime to some surprising ones in the new regime, here is a look at your options for income tax savings
From April 22, luxury goods priced above ₹10 lakh to attract 1 per cent TCS (tax collected at source)
Over 24,000 taxpayers disclosed foreign assets worth over Rs 29,000 crore after govt reached out to people with high foreign account balances or foreign income exceeding a set threshold
Finance Minister Nirmala Sitharaman, in line with her Union Budget 2025 presentation, introduced a new bill to amend the current income tax rules and regulations in India, amid opposition walkout and sloganeering
The government is keen on detailed consultation on the bill and likely to send it to a Select Committee for further examination.
Results 1-25 of 155 for Income Tax