Taxpayers should verify Annual Information Statement data for capital gains. Relying solely on AIS may lead to incorrect ...
People will not have to file two income tax returns during the transition to the new Income Tax Act, 2025. Most ongoing tax ...
Where a taxpayer claims deduction under Section 80G, the prescribed reporting particulars should be completed accurately.
Missing the deadline to file your Income Tax Return (ITR) can have consequences beyond late fees and interest. In serious cases involving willful non-compliance, taxpayers may face prosecution, fines ...
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ITR filing: How are tax returns filed abroad? You will be amazed to learn the rules in Singapore, the US, and Japan.
ITR Filing Process: Every year, as July arrives, Indian taxpayers open tabs on their computers for Form 16, the Annual ...
ITAT Pune restricted estimated income to 3% of bank credits for a transport booking agent, upheld deletion of the Section 68 addition, and partly allowed the ...
Such errors do not automatically make your PAN inoperative. However, they can lead to verification failures so always fill ...
Non-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve reliable returns. While FCNR(B) deposits safeguard against ...
Before filing the IT return, taxpayers should reconcile AIS entries with their financial records and assess their taxability ...
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