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 Return: Here’s a Note on Tax-Saving Avenues

A salaried individual earning up to Rs 5-15 lakh as net salary…

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…

Failed to Submit Investment Proofs Within the Deadline? Here’s What Happens

The time to submit relevant investment proofs to avail deductions and reduce…
Tax Exemption

Missed December 31 Income-Tax Returns Deadline? Here’s What to do Next

For those who have missed the December 31, 2023, deadline for filing…

A Brief Note on Belated and Revised Returns

The Income-Tax (IT) department has notified the final date to file belated…

ITR Mismatch Advisory Notice: Here’s How A Taxpayer Should Address It

The Income Tax (I-T) Department has issued advisories to several taxpayers concerning…

Income-Tax Department Keeps Hawk-Eye on TDS and ITR Mismatch

The Income Tax (I-T) department is closely scrutinising differences in tax deducted…

New Discard Feature on Income Tax Website to be introduced from AY2023-24

The Income Tax (I-T) department has introduced a new ‘Discard ITR’ feature…

Total of 7.41 Crore Income Tax Returns Filed for AY 2023-24

The Central Board of Direct Taxes (CBDT) released data which shows that…