For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they ...

Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...

From UAN activation to Updated ITR filing, several important personal finance deadlines are approaching in March, 2025. Read ...

This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...

For individuals below 60 years of age: The basic exemption limit is ₹2,50,000. For senior citizens (60 years or above but below 80 years): The exemption limit is ₹3,00,000. For super senior citizens ...

Income Tax Returns: It is always advisable for taxpayers ... and remain open till July 31. The deadline for ITR filing is July 31.(Reuters) While ITR filing can be done online, some people might ...

The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...

However, the choice of tax regime can be made only before the due date of filing the income tax return (ITR). "An individual with non-business income can switch between the new and old tax regimes ...

The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...

Don’t let last-minute tax filing cost you money! From choosing the wrong ITR form to missing deductions, here are the biggest ...

According to the Internal Revenue Service, the EITC allows a tax break for people making low to moderate wages.