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

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

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

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

Filing your ITR for 2024-25 is essential for refunds, legal compliance, and financial credibility—even with zero tax.

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 ...

Income-tax News: Get the latest Income-tax news, photos, videos, and podcasts. ... Under section 234A of Income Tax (I-T) Act, interest is charged when ITR is filed after the due date.

The highest-income households would receive more than 45% of the benefits if the expiring provisions of the 2017 Tax Cuts and Jobs Act are extended, according to an analysis released Monday by the ...

Under section 234A of Income Tax (I-T) Act, interest is charged when ITR is filed after the due date. Since the last date has been extended, no interest will be payable till Sept 15 so long as the ...