Income Tax Return  

Learn about the gold holding limit in India, including rules, regulations, and tax implications. Understand how much gold you can keep at home and the consequences of exceeding the limit.

Today, July 31, is the final deadline for filing your ITR for 2023-24. Missing it will result in penalties, including late fees and interest on unpaid taxes. Here is all information your should know.
 

Standard Deduction is a fixed amount that can be deducted from the total taxable income. Salaried employees, pensioners, and retired individuals can claim this deduction.

Filing the ITR form can be a daunting task; however, make sure you double-check all the details before submitting it and keep all the supporting documents handy to avoid rejection of your form. 

PAN Card is an important document required for various purposes, including filing income tax returns. If you have lost your PAN card, here’s how you can apply for a duplicate one.

The deadline for filing Income Tax Returns is July 31, 2024. Under old regime, no tax is payable on income up to Rs 5 lakh. And under new tax regime, you don’t have to pay taxes on an income up to Rs 7 lakh.

The deadline to submit income tax returns is July 31, 2024. Here are some essential guidelines that can help you achieve a smooth tax filing experience. 

Filing Income Tax Returns (ITR) is an essential task that requires thorough preparation, and it is important to have proper documentation to ensure a smooth process. Here is a list of important documents for filing ITR for the financial year 2023-24 (the assessment year 2024-25).

Form 16 is required while completing your income tax return (ITR), especially for persons who earn a salary. This is a Tax Deducted at Source (TDS) certificate that provides a detailed picture of an employee's earnings.
 

Starting from April 1, the new tax regime will come into effect, bringing many changes and additions. Taxpayers can now avail of a basic exemption of Rs. 3 lakh, which was previously Rs. 2.5 lakh.

ITR filing has been made easy for taxpayers as details of capital gains, income from list securities, dividend income, income from interest on bank deposits will all come pre-filled in the ITR form

The last date to file ITR is September 30. The notices being circulated on social media stating the deadline has been extended to October 15 are fake, said the I-T Department.

If you fall under this category, you will be exempted from penalty even if you have not filed your IT returns before August 31. Here are complete details. 

In a bid to ease the filing of income tax returns, the department has launched ‘e-filing Lite’. The new e-filing facility comes just days after Central Board of Direct Taxes extended the due-date for filing income tax returns. 
 

CBDT recently said that data shows that a substantially larger number of taxpayers are filing their ITRs electronically in the financial year 2018-19 as compared to 2017-18