Income-Tax Return: A Brief Note on Annual Information Statement (AIS)

The Income-Tax (I-T) Department has directed taxpayers to access the Annual Information…

Income-Tax Department Ups the Game Against Those Submitting Fake Rent Receipts

January remains crucial for salaried individuals, considering companies ask for investment proof.…

7th Pay Commission: Restrictions on Cash Awards for AIS Members

In recent news concerning the Central Government employees, it has been stated…

Annual Information System (AIS): Why the need to check it every quarter

On November 1, 2021, the income tax (I-T) department introduced a new…

ITR filing: How to rectify information reported in AIS?

Before filing an income tax return for FY 2021-22, one should view…

Purchase and Sale of Digital Assets to Reflect in AIS

The Ministry of Corporate Affairs (MCA) recently mandated firms to disclose all…

Mandatory Disclosures in ITR Filing

The extended income tax return filing due date for FY 2020-21 is…

ITR Filing Deadline Close; Over 3 Crore Returns Filed Says Finance Ministry

As the income tax return (ITR) filing deadline nears, the Finance Ministry…

Direct Tax Revenues Increase by 68% to Rs.6.92 Lakh Crore

Between 1st April and 23rd November 2021, the net direct tax collections…

ITR Filing: How to fix errors in your Annual Information Statement (AIS)?

Earlier this month, the income tax department launched a new Annual Information…