The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...

Finance Minister Nirmala Sitharaman, under the Finance Act 2022, gave this facility to the taxpayers so that they can revise ...

Before filing your ITR, it is important to decide whether the new or old tax regime is more beneficial for you. The old tax regime offers various exemptions and deductions, but is it the right choice ...

This article discusses the top mistakes taxpayers make concerning PAN when e-filing returns and simple tips to avoid them.

Filing your Income Tax Return (ITR) is an essential part of managing your tax obligations. The last date for non-audit taxpayers to file their ITRs for the Financial Year 2024-25 (AY 2025-26 ...

Taxpayers who wish to update their income tax returns for the previous two years can do so before March 31. While an updated return can be filed at any time, it must be submitted within two years ...

Advance tax is applicable when the total tax liability for a financial year exceeds Rs 10,000. It is computed based on the estimated income for the year and paid in instalments as per the due dates.

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...