Union Budget 2022: Key Amendments in Taxation Decoded for the Taxpayers

The Finance Minister presented the Budget 2022 speech today. There were no…
TDS return

Claim TDS Deducted by the Employer but Not Paid to Government

In 2018, the income tax department reported an Rs.3200 crore scam where…

Reduced Tax Refunds for Taxpayers-Know Why?

If you have filed your ITR for the FY 2020-21 and have…

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

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

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…

CBIC Clarifies on Refund of Excess Balance in Electronic Cash Ledger

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that…

TDS particulars not reflected in your Form 26AS? Know what to do

Form 26AS is the tax credit statement showing all the details of…

New Form 26AS will have foreign remittance information of taxpayers

The income tax department has expanded the scope of information to be…

Are tax-saving infrastructure bonds tax-free? See how they are taxed

Tax-saving infrastructure bonds are issued by the government and enjoy a deduction…