New Feature Introduced by I-T Department, Allows Taxpayers to File Now and Pay Later

Big news for taxpayers! The income tax department recently introduced a ‘Pay…

New Norms Decoded: Tax-Free Receipt from Insurance Policies

A recent change has been introduced in Section 10 (10D) of the…

CBDT notifies rules to calculate life insurance income where premium exceeds Rs.5 lakh

The Central Board of Direct Taxes (CBDT) issued a circular on 16…

ITR Filing for AY 2023-24 Hits All-Time High at 6.77 Crore

The number of income-tax returns (ITRs) filed in the assessment year (AY)…

Missed the July 31 deadline for filing your Income Tax Return (ITR)? Here’s how to submit a belated ITR

If you missed the deadline for filing your Income Tax Return (ITR),…

Penalty up to 200% of Tax Possible for Misreported Income in ITR

With the Income Tax Returns (ITR) filing deadline ending on July 31,…

ITR filing due date 2023: Will there be an extension in deadline?

Despite some taxpayers and tax experts in India expressing their wish for…

ITR Filing 2023: After filing ITR, how long does it take to receive the refund?

Filing your Income Tax Return (ITR) becomes obligatory if your income exceeds…

Income Tax Dept sends 1 lakh notices for under-reported income in ITR

On Monday, Union Finance Minister Nirmala Sitharaman revealed that the Centre has…