How to fill income from other sources in new ITR-1 form

The Income Tax Department has recently amended the ITR forms applicable for…

CBDT introduced new changes to Form 16 for FY 2018-19

The tax-filing season is here and it is time for you to…

Key Changes to ITR-1 & ITR-2 for FY 2018-19

The new Income Tax Return (ITR) forms for AY 2019-20 have been…

IT Raises Tax Rebate instead of Exemption Limit

The income tax department raised the rebate available under section 87A to…

Complete salary break-up asked in new ITR-2 return form

The Income Tax Department (ITD) has recently released ITR 2 excel utility…

If you are a resident taxpayer, report all your foreign assets in ITR

Taxability of income in India depends on the residential status of the…

Finance ministry may tweak foreign taxation rules to widen tax base

The Ministry of Finance (MoF), India is all set to revamp its…

Holding period of house starts from date of allotment: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has recently held that…

Govt extends cut off date for linking PAN with Aadhaar by six months

The last date for linking aadhaar number to the PAN was 31st…

File your revised ITR for FY18 by March 31 2019

The last date to file and revise the Income Tax Return (ITR)…