The ITR is a declaration of one's income to be used for showing the taxes tat have to be paid during a financial year.

The Central Government and Income Tax Department fixed the income limit for all the people in the country. People earning more than the income limit have to pay tax on their share of income. The ...

The Updated Income Tax Return-Update (ITR-U) gives taxpayers the opportunity to voluntarily disclose undisclosed income or ...

File your updated ITR-U for AY 2023-24 by March 31, 2025, to save on additional tax! Filing before the deadline incurs a 25% ...

Unsure whether to opt for the new or old tax regime while filing your ITR? Your decision should be based on factors like income, deductions and tax-saving goals.

New rules for ITR-U from April 1 ... the Income Tax Department continues to emphasize the benefits of filing before the March 31 deadline to take advantage of the lower additional tax rate ...

Form 10B is not just a routine form— it’s the gateway to exemption for charitable and religious institutions under the Income Tax Act. Trusts must maintain proper books of accounts and ensure timely ...

In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits ... only if the original ITR was filed by the due date of filing. In my opinion, you ...

Filing your income tax return requires careful consideration ... should consider sticking to the old regime for better tax benefits.