Income Tax
Many salaried employees are discovering that the popular Rs 200 per meal tax exemption for food coupons no longer provides the tax relief they …
Income Tax
The Income Tax Department has enabled taxpayers to view their foreign asset information in the Annual Information Statement (AIS), helping ensure accurate disclosure while …
Income Tax
The Income Tax Department has upgraded its Annual Information Statement portal to display foreign asset details spanning three calendar years, helping taxpayers better track …
Income Tax
With July 31 fast approaching, taxpayers are wondering if the Income Tax Department will grant another extension. Here's why an extension seems unlikely this …
Income Tax
The Karnataka High Court has ruled that income tax orders remain valid even if the Document Identification Number (DIN) is provided through a separate …
Income Tax
Moving abroad doesn't automatically exempt you from Indian tax obligations. Understanding residential status and income sources is crucial for NRIs to determine their ITR …
Income Tax
India's net direct tax collections have risen significantly to Rs 6.51 lakh crore, reflecting robust economic growth and improved compliance. This substantial increase signals …
Income Tax
The country's net direct tax collections have reached Rs 6.51 lakh crore as of mid-July, marking a healthy 16.4% year-on-year growth and signaling robust …
Income Tax
The government's direct tax mop-up has shown robust growth in the current fiscal year, reflecting improved compliance and economic resilience. Here's what these numbers …