ITR Filing Deadline Close; Over 3 Crore Returns Filed Says Finance Ministry

As the income tax return (ITR) filing deadline nears, the Finance Ministry…

Sold Unlisted Shares? Know the Tax Provisions

The stock market witnessed a bull run for over a year; this…

IT: Conditions attached with the LIC premium deduction under Section 80C

The Income Tax Act provides tax benefits if you pay the premium…

ITR Filing: How to fix errors in your Annual Information Statement (AIS)?

Earlier this month, the income tax department launched a new Annual Information…

Made a mistake while paying income tax? Here’s how you can rectify

When you pay advance tax or self-assessment tax, the amount so paid…

IT Department Launched Annual Information Statement (AIS) That Will Replace Form 26AS

AIS is an Annual Information Statement launched by the income tax department.…

Income tax: Know the rules of clubbing income

The clubbing of income in the Income Tax Act means to include…

Got foreign assets? You must file ITR

Income Tax Act makes it mandatory for the ‘resident’ individuals to file…

Certain non-residents and foreign investors are exempted from filing ITR

The CBDT has by a notification exempted certain classes of persons, such…

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

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