Income Tax
Section 44ADA offers a presumptive taxation scheme for eligible professionals, simplifying tax compliance by allowing them to declare 50% of gross receipts as income …
Income Tax
The government is set to introduce five significant bills during the upcoming Monsoon Session of Parliament, covering income tax reforms, MSME sector changes, and …
Income Tax
Finance Minister Nirmala Sitharaman has launched PRARAMBH 2026, a new initiative by the Income Tax Department aimed at modernizing tax administration and improving taxpayer …
Income Tax
Filing your income-tax return is only half the job done. Without e-verification within 30 days, your ITR remains incomplete and invalid, potentially causing refund …
Income Tax
The popular meal voucher tax exemption under the old tax regime has undergone changes that affect how it applies to your income tax return …
Income Tax
Taxpayers can now access information about their foreign assets and income through the Annual Information Statement (AIS) portal, helping ensure accurate disclosure in their …
Income Tax
The Income Tax Department has updated the Annual Information Statement to display foreign asset details for the past three calendar years, helping taxpayers better …
Income Tax
The Income Tax Department is unlikely to extend the July 31 deadline for filing returns this year. Here's what taxpayers need to know about …
Income Tax
The Karnataka High Court has ruled that income tax orders don't become invalid if the Document Identification Number is provided through a separate communication …