Gifts surpassing the exemption limit in value in a financial year are taxable and need to be disclosed under ‘income from ...

We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their ...

AY 2025-26 can be filed till December 31 2025. Tax expert explains ITR-U helps correct errors but cannot reduce tax or claim refunds.

Not all taxpayers benefit from this relief. Several chartered accountants have raised concerns that certain categories, especially those dealing with international or specified domestic transactions, ...

Banks and cooperative banks are required to report to the Income Tax Department if someone deposits ₹10 Lakh or more during a single financial year.

Learn how interest from savings accounts, including HYSAs and CDs, is taxed. Understand reporting requirements and strategies ...

Delhi HC reviews CBDT's decision to exclude Transfer Pricing (TP) cases from the extended ITR deadline, an unprecedented departure from past practice. The case addresses the arbitrary denial of relief ...