Usually the last date for filing Income Tax Returns is July 31 of every year. If one misses this deadline, one can file ...

The Income Tax Department has clarified that recent emails sent to taxpayers over ITR and transaction mismatches are advisory ...

If a valid will exists covering all or some of the assets, the executor of the will must file an ITR until all assets are ...

The Income Tax Department has clarified that recent messages sent to some taxpayers regarding transactions are advisory in nature and aimed at voluntary compliance, not enforcement action.

Tax experts say that omissions, data mismatches, and common assumptions were the primary causes of defective returns, ...

Learn how to report crypto gains correctly. Know how to calculate profits, distinguish gains from income, and file taxes for trading, staking, and NFTs.

The I-T Department has processed numerous tax refunds, although some taxpayers are facing delays. Interest on delayed refunds ...

The delayed submission of this years ITR Form (Income Tax Return) has raised concerns among taxpayers. The governments recent ...

The Income Tax Department clarified that recent SMS and email alerts on ITR mismatches are advisory, not punitive. Issued ...

Learn how to file taxes for your side hustle, from reporting income and claiming deductions to paying self-employment taxes and avoiding IRS penalties.

Delhi High Court held that internal disputes among company directors do not justify condonation of delay in filing ITR, upholding statutory compliance ...

A tax return is referred to as a ‘belated return’ when it is filed after the end of the original due date mentioned under ...