The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...

One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

Kochi: The Income Tax Department has reportedly asked actor Prithviraj Sukumaran to provide clarity regarding his ...

L2: Empuraan' — the second instalment in the 'Lucifer 'trilogy by the Prithviraj Sukumaran-Mohanlal team — has come under attack by the right-wing activists over what appeared to be references to the ...

ITR-2 is meant for individuals whose annual income is above Rs 50 lakh or who earn from sources like rent, capital gains, or ...

The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is ...

Amidst the controversies surrounding his latest directorial L2: Empuraan, actor-filmmaker Prithviraj has been issued a notice ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

The bank stated that a demand notice under Section 156 of the Income Tax Act, including Rs 243.02 crore in interest, was ...

Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...