For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they ...
This article discusses the top mistakes taxpayers make concerning PAN when e-filing returns and simple tips to avoid them.
From UAN activation to Updated ITR filing, several important personal finance deadlines are approaching in March, 2025. Read ...
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India Today on MSNIs Form 16 necessary for ITR filing? What to do if you don't have it?Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...
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 ...
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 ...
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India Today on MSNSkipped filing ITR? You may get a tax notice very soonThe 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 ...
Don’t let last-minute tax filing cost you money! From choosing the wrong ITR form to missing deductions, here are the biggest ...
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 ...
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