Income Tax
The Income Tax Appellate Tribunal has granted relief to SGS India by ordering a refund of excess Dividend Distribution Tax and capping the tax …
Income Tax
Section 44ADA offers a simplified tax regime for eligible professionals, allowing them to declare 50% of gross receipts as income without maintaining detailed books …
Income Tax
The Income Tax Department has started displaying foreign asset information on the taxpayer portal, enhancing transparency and compliance. Here's a step-by-step guide to view …
Income Tax
The government is set to introduce several legislative measures in the upcoming Monsoon Session of Parliament, targeting reforms in income tax, MSME sector, and …
Income Tax
Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a new income tax department initiative aimed at improving taxpayer services and streamlining compliance procedures ahead …
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 …