The husband said his salary hasn't grown since his job began and claimed to earn just Rs 11,000 a month despite a UK ...

Attention taxpayers: a fraudulent Income Tax notice demanding a payment of Rs 6,000 has been detected online. The Fact Check team from the Press Information Bureau has categorically identified it as a ...

The government has raised the tax-effect limits for filing income-tax appeals, leading to thousands of appeals being withdrawn or not filed. Here’s what the new limits mean for taxpayers.

Financial independence is reached when work becomes a choice rather than something one has to do to pay the bills ...

Under the scheme, taxpayers can disclose their foreign bank accounts, immovable property, jewellery, artistic work, shares, ...

Filing ITR to report foreign assets? Use SBI’s TTBR rate to convert foreign currency into INR as prescribed under Income-tax Rules ...

Finance Ministry tells Lok Sabha that 1.25 crore revised and updated ITRs were filed in the last two years, leading to ...

The case rationale is that presumptive taxation simplifies the computation of business income, but it neither prevents the ...

A small mistake in your income tax compliance can turn into a big financial setback. From late filing fees to steep penalties for under-reporting income, the Income Tax Act prescribes strict ...

For the scheme, the valuation date is March 31, 2026 and the fair market value of assets proposed to be declared must be ...