Income Tax
Income Tax Day, observed annually on July 24th, commemorates the introduction of income tax in India in 1860. Here's what every taxpayer should know …
Income Tax
India's new Income Tax Act 2025 introduces provisions for tax authorities to conduct searches in virtual and digital spaces, reflecting the shift toward online …
Income Tax
Choosing the correct Income Tax Return form is crucial for accurate filing. Here's a comprehensive guide to help you identify which ITR form applies …
Income Tax
Indian residents holding foreign assets must disclose them in their Income Tax Return. Here's what you need to know about compliance requirements, applicable schedules, …
Income Tax
Finance Minister Nirmala Sitharaman has directed the Income Tax Department to streamline procedures and reduce hassles for common taxpayers, emphasizing the need for a …
Income Tax
As the July 31 deadline approaches, taxpayers wonder if the government will grant another extension for filing Income Tax Returns. Here's what tax experts …
Missing the income tax return filing deadline can result in late fees, interest on unpaid taxes, loss of carry-forward benefits, and potential prosecution. Here's …
Income Tax
India has streamlined the PAN card allotment process for Foreign Portfolio Investors (FPIs) under the Income-tax Rules 2026, reducing compliance burden and encouraging foreign …
Income Tax
India's General Anti-Avoidance Rule gives tax authorities power to disallow arrangements lacking commercial substance. Understanding GAAR's boundaries helps taxpayers and businesses plan legitimate tax …