The Income Tax Department provides guidelines for Income Tax Return (ITR) scrutiny. These guidelines ensure transparency in ...

The bill contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act. It now goes to President Donald ...

The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing law has 14 schedules which will increase to 16 in the new legislation.

Misreporting or underreporting income can lead to penalties of up to 200 per cent of the tax due. Tax experts warn that even ...

ITAT Mumbai remands Deepak Kumar Chaturvedi's appeal, directing AO to verify exempt allowance disallowance due to Form 16 and 26AS mismatch caused by employer ...

The income tax department has extended the ITR filing deadline for AY 2025-26 to September 15, 2025. This extension does not ...

The ITR filing deadline for FY 2024-25 has been extended to September 15, 2025, potentially waiving penal interest under ...

CBDT extends ITR filing deadline to Sept 15, detailing penalty waivers under Section 234A and unchanged advance tax penalties ...

Act, interest is charged when ITR is filed after the due date. Since the last date has been extended, no interest will be ...

The Central Board of Direct Taxes (CBDT) has extended the last date to file income tax return from July 31, 2025, to ...

Discover complete tax guide for senior citizens (aged 60 and above) for FY 2024-25, covering due dates, exemptions, penalties ...

ALSO READ: Income Tax Returns FY 2024-25 (AY 2025-26): Who’s exempt from ITR filing based on income? Form 16B is for property deals under Section 194-IA of the Income Tax Act. The buyer hands this ...