Income Tax
Filing your income tax return is only half the job done. Without e-verification within 30 days, your ITR remains incomplete and can lead to …
Income Tax
Taxpayers can now view details of their foreign assets in the Annual Information Statement (AIS) on the income tax portal, helping ensure accurate disclosure …
Income Tax
The Income Tax Department has expanded the Annual Information Statement to include foreign asset details for three calendar years, improving transparency and compliance for …
Income Tax
The Income Tax Department has shown no indication of extending the July 31 deadline for filing ITR for AY 2024-25. Here's what taxpayers need …
Income Tax
The Karnataka High Court has ruled that an income tax order is not automatically invalid simply because the Document Identification Number (DIN) was provided …
Income Tax
Moving abroad doesn't automatically exempt you from Indian tax obligations. Understanding your residential status and income sources is crucial to determine if you need …
Income Tax
India's net direct tax collections have shown robust growth, rising 16.4% to Rs 6.51 lakh crore by mid-July, reflecting improved compliance and economic expansion. …
Income Tax
A petition before the Delhi High Court questions the tax treatment of judicial allowances under India's new income tax regime, raising concerns about how …
Income Tax
The government has notified the Income Tax Rules 2026, introducing a fresh compliance framework effective April 1. These rules aim to simplify tax procedures …