Income-Tax Forms: A Note for Senior Citizens

The income-tax (I-T) department notifies specific income-tax return (ITR) forms for availing…

Income Tax Department Notifies Income Tax Forms For FY 2021-22 (AY 2022-23)

The government has notified new ITR forms through a notification for return…

Made Money From IPO Listings? Know the Tax Implications

Recently, we all witnessed a rise in the IPO listings of many…

ITR: Reporting requirements of foreign assets in the income tax return

The residents Indians holding specified foreign assets shall comply with the reporting…
HRA

Income Tax in Case You Own More Than One House Property

If a taxpayer owns many house properties, the Income Tax Act allows…
Tax Exemption

ITR: 7 things a taxpayer should know before filing the return

The last date of filing income tax returns by individuals (not required…
Tax Exemption

What is Jhatpat Processing Scheme of the Income Tax Department?

The income tax department introduced a new initiative ‘Jhatpat Processing’ for simplifying…
Tax Exemption

Changes in ITR forms – ITR-1, ITR-2 and ITR-V

CBDT notified the new ITR forms from ITR-1 to ITR-7 by incorporating…
Tax Exemption

All ITR forms for FY 2019-20 available on e-filing portal

With ITR-6 being released on 22nd September 2020, the government has released…

CBDT grants relaxation on eligibility conditions of ITR-1 & ITR-4

The Central Board of Direct Taxes (CBDT) has granted relaxation in the…