With an organised approach, investors can seamlessly navigate tax filings, stay compliant, and avoid unnecessary penalties, ...

1. Same Provisions, Same Data Requirements: The Income Tax provisions for claiming tax treaty benefits haven’t changed. Non-residents still need to provide the same basic information: their status, ...

ELSS funds could be a good tax-saving avenue for investors opting for the old tax regime and seeking to create wealth over ...

Before filing Income Tax Return (ITR) in FY 2024-25 under the old income tax regime you need to complete all necessary steps ...

ITAT Chennai held that exemption under section 11 of the Income Tax Act is allowable inspite of certain errors while filing form 10B since the claim is supported by audited financials, revised audit ...

The landlord’s PAN must be mentioned in the TDS challan. However, if the PAN is missing or inactive, the TDS is levied at 20% under Section 206AA. On the other hand, for Non-Resident Indian (NRI) ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...

If the immovable property is partly financed by Bank/Lender, the TDS will be required to be deducted by the transferee on the ...

While filing income tax returns, we need many documents. Many times it happens that while filing the return, we come to know ...

With the updated ITR deadline nearing, a meticulous review of your income, tax liability, and payment is paramount.

The Income Tax Department has recently introduced an enhanced version of the Excel-based utility for Filing ITR-2, designed ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...