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The income tax department has extended the deadline for the ITR filing for FY2024-25 (Assessment Year 2025-26) for 45 days to ...
ITR filing: Filing an Income Tax Return (ITR) is crucial for Indian taxpayers to report income and claim deductions. The Annual Information Statement (AIS) provides essential details about income ...
One question that always comes up during tax season is: “Do I need to file a return if my income is below the basic exemption limit?” At first glance the answer seems obvious. No taxable ...
After building the IRS’s free electronic filing tool, the Economic Security Project’s Future of Tax Filing fellows are writing a playbook for it to “come back someday” — and pushing for more.
The deadline to file  Income Tax returns is winding down for most taxpayers — with many likely to incur fines after 15.
ITR-1: While filing your income tax return, you don't need to file any form for opting in or opting out of the new tax regime in ITR-1.
The purpose of Sections 115BBJ and 194BA is to tax the user's profits on various gaming platforms. Here's how you can file your income tax return for income from online gaming for FY 25: Winnings from ...
This guide addresses common income tax queries, including the responsibilities of a legal representative for filing the last tax return of a deceased person, the rules for paying advance tax on ...
ITR filing FY 2024-25: When filing ITR for FY 2024-25, profits and losses from F&O trading must be reported as business income, impacting tax calculations and potentially requiring an audit if ...
Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.
Here's Why You Should Still File Income Tax Return Filing ITR is beneficial for students and unemployed individuals, providing proof of income, claiming tax refunds, facilitating large transactions.