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Income Tax Department: This is how the income tax department keeps an eye on your income and expenses..
It is very important to give information about income from all sources while filing an Income Tax Return. Some people ...
Received a message about Section 80GGC deduction from the Income tax department? Here's what to do
Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts.
Income Tax Department Invites Applications For Various Posts, Apply By February 3
The Income Tax Department is currently hiring for the position of Assistant Director (Systems). Interested applicants can apply online through the official website until February 3, 2025. The ...
Updated tax returns: Budget 2025 offers a wider window to report omitted income
India's finance ministry has proposed extending the deadline for updated tax returns from two to four years to encourage ...
Taking Stock Of Trump’s Second Term Tax Plans
Marie Sapirie examines one of President Trump’s recent executive orders, a White House memorandum, and some scripted remarks ...
Income Tax Department Revokes Non-Profit Status Of The Reporter's Collective | Details
The Income Tax Department has revoked The Reporter's Collective's non-profit status. As per the IT department, TRC's ...
Rs 1 lakh cr tax relief to taxpayers: Here's the income tax benefit at different income levels announced in Budget 2025
The finance minister has announced an increase in the tax rebate under Section 87A to Rs 60,000 from Rs 25,000 under new tax ...
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India's New Tax Code: Simplification on the Horizon
An internal committee of India's Income Tax Department, guided by suggestions for simplification and structural improvement, is paving the way for a new tax law. The proposed changes, inspired by ...
Income tax department conducts searches at premises linked to IIFL Group
The IT department conducted raids on premises linked to the IIFL Group for suspected tax evasion. Major entities involved ...
India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
New income tax Bill to be introduced in Parliament next week, says Nirmala Sitharaman
The proposed new income tax law follows from the earlier Budget announcement for 2024-25. In July 2024, Sitharaman had announced a comprehensive review of the Income-tax Act, 1961 to be completed in ...