Tax Exemption

How the Income Tax Department Traces Your Transactions

The income tax department receives information about specific transactions through their sources.…

Investments held in joint ownership? Here is what you should know

Many individuals have joint investments in mutual funds, equity shares, gold or…

GST Turnover in Form 26AS Will Lead to More Transparency

The Department of Revenue (DoR) released a statement saying that the data…

Form 26AS to include details of high-value transactions

The income tax department is streamlining taxpayer information, reporting of income and…

New Form 26AS notified with effect from 1 June 2020

Form 26AS is an annual statement stating the tax payment details including…
Statistics Study

Taxpayer compliance likely to increase with annual information statement

The Government of India has announced measures for collection and compilation of…

Intimation received under section 143(1) upon processing of ITR

After you have filed your income tax return (ITR), the income tax…

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

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