Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

Anonymous: Sir, I'm unemployed & for trading my parents gave me Rs 5.8 lakh and I've made a loss of Rs 2.52 lakh, since money ...

As per RBI norms, resident individuals can remit up to $250,000 per financial year for various permissible capital and ...

Appeal was partly allowed as ground no. 2 and 3 was dismissed as infructuous.

The simplified ITR-1 form is currently available for residents. Extending it to NRIs with limited income sources would make tax filing easier ...

In addition to tax cuts, there is a desire for simplification of the tax filing process. Taxpayers have been requesting sufficient time post-financial year-end to complete their income tax return ...

Also read: How family trusts can help senior citizens and their NRI children manage properties in India · Mismatch in Foreign Tax Credit (FTC): When filing their India ITR, RORs have to ...

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing process continues to pose certain challenges. Read our story ...

January's municipal bond supply "will end up being heavier compared with the normally slow start of the year, but the pipeline should remain quite robust," Barclays said.

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax relief to salaried individuals. In addition to individual taxpayers' ...

Section 68 of the Income Tax Act governs unexplained cash credits. If a sum appears in a taxpayer’s books and its nature or source is unclear or unsatisfactory, it is treated as taxable income. This ...