Income-Tax: A Brief Note on TAN

A Tax Deduction Account Number (TAN) or Tax Collection Account Number (TCS) …

Income-Tax Returns Filers More Than Double To 7.78 Crore in 10 Years

There has been a significant spike in the number of taxpayers filing…

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

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

Filed your taxes but received a notice? Here’s what to do

With the deadline for filing Income Tax Returns (ITR) over on the…

Double Penalty if PAN Card-Aadhaar Linking Done After 30 June

The government had extended the deadline to link the Aadhaar number with…

IT Department Reopens Old Tax Assessments Via an Algorithm Scan

This year, the IT department reopens old tax assessments with a slight…
Tax Exemption

How to rectify ITR under Section 154 from the new income tax portal

If you have completed your income tax return filing for FY 2020-21,…
Tax Exemption

Global Fund Houses Receive Reassessment Notices From IT Department

The Income Tax (IT) department reopens various old assessments related to several…

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

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

CBDT: Two-Thirds of Workforce to Conduct Faceless Assessment

The Central Board of Direct Taxes (CBDT), commonly known as the IT…