Discover the complete checklist of key documents required as income tax proof to make your ITR process smooth and hassle‑free.

Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need ...

If an employee anticipates that their claims cannot be substantiated, they should consider filing an Updated Return (ITR-U) ...

As Union Budget 2026 approaches, expectations among taxpayers are running high. Finance Minister Nirmala Sitharaman is set to ...

Most of the flagged cases in December involved returns where exemptions or deductions were claimed in the ITR but did not ...

After getting meaningful tax relief in Budget 2025 through higher TDS thresholds and revised slabs, senior citizens are now ...

Budget 2026 must address tax law transition chaos, 5.49 lakh pending appeals and compliance stress for MSMEs under the New ...

Taxpayers who claim substantial tax-saving deductions, often summing up to several lakh rupees, generally find the old tax ...

The ruling found that the authorities failed to examine party-wise payment limits before disallowing expenses for alleged TDS default. Key takeaway: threshold verification is essential before invoking ...

The new Income Tax Act, 2025 reshapes compliance from 1 April 2026 without changing tax rates. Businesses must realign systems, processes, and teams to avoid transition ...

Filing Income Tax Returns (ITR) every year is a cumbersome task for most people. Selecting the right form, filling in the ...

In Budget 2025, Union Finance Minister Nirmala Sitharaman increased the standard deduction and expanded the scope of the Section 87A rebate, effectively ensuring that salaried individuals earning up ...