With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...

The season of filing Income Tax Return (ITR) is in full swing. Those who have tax liability are trying to save tax. On the other hand, those whose salary is not taxable are sitting relaxed and ...

If you stay outside India for more than 182 days, you can't use ITR Form 1. It is not a question of being a resident or a non ...

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

ET Wealth Reader's Query: After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in ...

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is generated.

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given assessment year. Once this window closes, taxpayers can no longer correct errors, ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and lost tax benefits, missing the ITR deadline makes compliance more ...