Income Tax
The Income Tax Department has enabled taxpayers to view their foreign asset information directly on the e-filing portal, enhancing transparency and compliance for Schedule …
Income Tax
Section 44ADA simplifies tax compliance for eligible professionals by allowing them to declare 50% of gross receipts as taxable income without maintaining detailed books …
Income Tax
The upcoming Monsoon Session of Parliament will see the introduction of five significant bills covering income tax reforms, MSME support, and other key economic …
Income Tax
Union Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a new initiative by the Income Tax Department aimed at transforming taxpayer services and compliance …
Income Tax
Filing your ITR is only half the job done. Without e-verification within 30 days, your return remains incomplete and may be deemed invalid by …
Income Tax
Many salaried employees are discovering that their Rs 200 daily meal voucher tax exemption is not available when filing their Income Tax Return this …
Income Tax
The Annual Information Statement now displays foreign asset information, helping taxpayers accurately report overseas holdings and comply with Schedule FA requirements before filing their …
Income Tax
Losing your registered mobile number can lock you out of the Income Tax e-filing portal. Here's a step-by-step guide to regain access without OTP …
Income Tax
The Income Tax Department has enhanced the Annual Information Statement (AIS) to display foreign asset details for the past three calendar years, making compliance …