Failing to file your original or revised ITR by the deadline can result in penalties. If you miss the December 31 deadline, ...
To give individual taxpayers more savings under the new tax regime, the government changed the income tax slabs. The ...
The new tax regime (NTR) lets you compute your income tax at a lower rate slab, but it renders you ineligible to claim most ...
Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 ...
The 2024 income tax reforms introduces revised tax slabs, higher deductions, and simplified TDS and capital gains rules, ...
5. Failure to submit investment proofs: To understand the chronology, one must first declare the investments to the employer ...
The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby ...
ITR’s most interesting stories of the year covered ‘landmark’ legal battles, pillar two, AI’s relationship with transfer ...
Two influential conservative groups are urging Iowa lawmakers to cut state and local taxes. Iowans for Tax Relief president ...
One must note that prior to issuing a refund, the Income Tax Department must ensure that certain criteria are met. One of the ...
Income tax updates for 2024 include revised slabs, enhanced deductions, higher corporate NPS limits, updated capital gains tax rates and revised holding periods. Key changes to impact ITR filing in ...
The last date to file a belated or revised ITR for FY 2023-24 is December 31, 2024—ensure all dues and penalties are paid to ...