Income tax department may extend ITR filing deadline of July 31

The income tax department is feeling the pressure to grant more time…

CBDT to Launch E-Assistance Campaign on Income Tax Day

In a move to make e-filing of tax returns after the recent…

Centre Might Notify More Classes to File Income Tax Returns

In order to curb tax evasion and widen the taxpayer base in…

Union Budget 2019: Tax Assessments Will be Completely Faceless Soon

On 5 July, Nirmala Sitharaman, the Finance Minister announced the Union Budget…

Is income tax applicable on Bonus Income?

Did you know that tax deductions don’t apply for the incentives and…

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

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

CBDT introduced new changes to Form 16 for FY 2018-19

The tax-filing season is here and it is time for you to…

Key Changes to ITR-1 & ITR-2 for FY 2018-19

The new Income Tax Return (ITR) forms for AY 2019-20 have been…

IT Raises Tax Rebate instead of Exemption Limit

The income tax department raised the rebate available under section 87A to…

Government to implement Next-gen IT-filing system, CPC-ITR Version 2.0

The Cabinet, chaired by Prime Minister Narendra Modi, approved Integrated E-filing and…