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ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties

You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,00…

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51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data

The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.

ANI   


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Five things to remember as you file your ITRs at the last minute

ITR-1 form is designed for resident individuals who have income from salary, one house property, an…

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About 6 cr ITRs filed for FY24; 70% under new tax regime

Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…

PTI   


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ITR filing: Documents you need to file your income tax return

If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS …

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Filing your ITR at the last minute? Don't make these mistakes

As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…

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3 mins read

Wondering which ITR form is right for you? Know all about it here

It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …

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Important dates to remember while filing your ITR this time!

13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indi…

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Cipla gets Rs 773 cr demand notice from I-T dept

Shares of Cipla on Tuesday settled 0.56 per cent down at Rs 1,507.50 apiece on the BSE.

PTI   


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New Vivad Se Vishwas 2.0 tax resolution scheme to start on Oct 1 — what you need to know

The government has set October 1, 2024, as the launch date for Vivad Se Vishwas 2.0 to address dire…

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3 mins read

Decoding Form 16: How do you file your taxes if you don't get Form 16?

While you can still download Form-16, there's another, manual way to figure out your tax liability.…

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Did you know about the only Indian state exempt from paying any income tax? Know all about it here

​​Sikkim has its income tax manual, which stipulates that no resident of Sikkim was to pay taxes to…

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Confused about the new tax regime? Here's when you should opt for it

The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…

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Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams

There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…

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All you need to know about the new tax regime

The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …

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WiFi Money sued by Nebraska Attorney General over allegations of 'deceptive' passive income promises

WiFi Money made tens of millions of dollars selling investment opportunities on Instagram, but has …

Rob Price   


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Americans moving to Canada should be aware of these 4 tax and investment implications

Interest in moving to Canada has spiked among Americans. Financial advisor Tiffany Woodfield shares…

Christine Ji   


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1 min read

Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department

The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…

PTI   


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4 mins read

India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts

Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …

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2 mins read

Received a tax mismatch notice from the IT department? Here is how to set it right

An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …