Income Tax
The government is set to introduce several key legislative reforms in the upcoming Monsoon Session of Parliament, covering income tax overhaul, MSME support, and …
Income Tax
Filing your income-tax return is just the first step. Without e-verification within 30 days, your ITR remains unprocessed, delaying refunds and causing compliance issues.
Income Tax
Union Finance Minister Nirmala Sitharaman has unveiled PRARAMBH 2026, a comprehensive initiative aimed at transforming India's income tax system. The program focuses on simplification, …
Income Tax
The Income Tax Department now displays foreign asset details in the Annual Information Statement, helping taxpayers accurately report overseas holdings and comply with Schedule …
Income Tax
The Income Tax Department has enhanced its Annual Information Statement portal to display foreign asset information for the past three calendar years, making compliance …
Income Tax
The Income Tax Department is unlikely to extend the July 31 deadline for filing returns this year. Taxpayers should complete their ITR submissions promptly …
Income Tax
Karnataka High Court rules that income tax orders remain valid even if the Document Identification Number is provided through a separate communication after the …
Income Tax
The country's net direct tax collections have surged to Rs 6.51 lakh crore, reflecting robust economic growth and improved compliance. This significant increase indicates …
Income Tax
India's net direct tax collections have grown to Rs 6.51 lakh crore as of mid-July, reflecting a robust 16.4% year-on-year increase driven by improved …