In India, the Income Tax department imposes a tax on transactions of money above the prescribed limit. All people must pay ...
Having a savings account is common, but did you know that it can also help you save on taxes? If you opt for the old income ...
Summary: Under Section 119(2)(b) of the Income Tax Act, taxpayers who miss the ITR filing deadline can request a condonation of delay, particularly for claims like refunds, deductions, exemptions, or ...
In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect ...
T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...
Filing an ITR is crucial not just for compliance, but also to take advantage of available tax rebates and avoid penalties.
Coloradans will be able to file their state tax returns this week, a Colorado Department of Revenue spokesperson told FOX31 ...
Under the Income Tax Bill 2025, taxpayers must file returns to claim refunds, without changing provisions for belated or ...
In a reply to this, the Income Tax Department clarified that there are no changes in refund provisions. The I-T department ...
The Income Tax Act, 1961, does not prevent taxpayers from claiming a refund just because the return was filed after the ...
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