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 ...

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 ...

Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.

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 ...

As the April 15 tax filing deadline fast approaches, fewer Americans have filed their federal taxes, and more have requested ...

The 2025 deadlines are: Before midnight on Thursday May 22 for departments 01 (Ain) to 19 (Corrèze), as well as those who ...