Budget 2025 extends the period for filing updated income tax returns from 24 months to 48 months. Taxpayers will now face ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

Question: I have earned some income in India that will require me to file a tax return. I am worried that once I do so, I ...

Salaried individuals with an annual income of up to Rs 12.75 lakh will have zero tax liability under the new tax regime. But ...

One might have incurred some losses while selling assets, securities or properties in India. Such losses can be carried forward to future years which will help in reducing future tax liabilities. To ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

The Union Budget 2025-26, which Prime Minister Narendra Modi said was designed for the common man, gave relief to the middle ...

While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions ...

Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.

In addition to tax cuts, there is a desire for simplification of the tax filing process. Taxpayers have been requesting ...

Question: I have earned some income in India that will require me to file a tax return. I am worried that once I do so, I will be called by the tax department for completing the assessment.

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.