Additionally, salaried taxpayers will receive an extra benefit of ₹75,000 as a standard deduction. When Will These Changes ...

The German tax authorities are actively involved in international tax matters, including initiatives aimed at combating tax ...

The new bill has preserved the tax policies and key provisions of the Income-Tax Act, 1961. Redundant rules have been removed ...

To register for the PM-Kisan Samman Nidhi scheme, eligible farmers can: Visit the PM-Kisan portal and register online Visit their nearest Common Service Centre (CSC) Approach their state government's ...

For instance, if Mr ABC filed his original income tax return by July 31, 2025, and later realised that he forgot to include interest income or claim a deduction he was eligible for, then he can ...

How to Compute Net Earnings Under 'Income from Other Sources' To determine your net earnings under the 'Income from Other Sources' category in your income tax return, follow this straightforward ...

The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...

The timeline to file an updated income tax return has been increased to four years from two years starting April 2025. Of course, an updated ITR can only be filed to report a higher tax liability ...

Ans. An additional income-tax of 25% of aggregate of tax and interest on the additional income disclosed in the updated ITR is to be paid for updated return filed after the last date of filing revised ...

Three-quarters of taxpayers anticipate a refund, according to a January 2024 survey from CreditKarma. Waiting for that money can be nerve-wracking, especially since many people use their refund ...

As per the present tax laws, a person can file only ITR for only one year at any given point of time between April and December of the year following the financial year.(Pixabay) I have never ...