Government eases record authentication process for faceless assessment

The CBDT introduced a new rule to relax the authentication process of…

CBDT Prescribes a Form for Senior Citizens of 75 Years and Above

The Income Tax Act requires individuals to file income tax returns if…

Finance Ministry releases Rs 13,386 crore to 25 states for rural local bodies grant

On Tuesday, the Finance Ministry said it released about Rs 13,386 crore…

Government extends timelines for e-filing of various income tax forms

The government has issued a circular dated 29th August 2021 to extend…

Income tax return filing: Useful tips for first-time return filers

An income tax return is a yearly statement that declares your income…

How to rectify mismatch in details of Form 26AS and Form 16

The last date of ITR filing for FY 2020-21 is nearing, and…

Why is it important to report income from EPF withdrawal?

The Employee’s Provident Fund (EPF) scheme aims to enable salaried individuals to…

How to claim an income tax deduction on house rent payment without HRA

The salaried individuals, who stay in rented accommodation, take advantage of claiming…

Gain on sale of equity mutual funds and ITR filing

The equity-oriented mutual funds are covered under the definition of capital asset…