As part of ongoing reforms, Form 16 is being enhanced to offer greater transparency. The revised version will now offer ...

After a long wait, Central Board of Direct Taxes has finally notified income tax return (ITR) forms ITR-1 and ITR-4 for ...

Partners in firms (except those earning only salary or interest from the firm) ...

Taxpayers with long-term capital gains (LTCG) under Section 112A can now file ITR-1, provided the gains are within the ...

A number of income tax-related deadlines expire on April 30. These include Vivad Se Vishwas, uploading declarations from ...

Salaried taxpayers and small investors can now file simpler Sahaj and Sugam forms if LTCG from listed securities is up to Rs ...

Form 16 is a key document for salaried individuals, summarising income and TDS, simplifying ITR filing, and serving as proof ...

When someone files a personal income tax return, they can “designate part of their refund or add to their balance due a ...

You’ll now need to specify the exact section under which TDS was deducted (like 194A for interest, 194C for contracts).

ITR-1, or Sahaj, is for resident individuals who have an overall income of not more than Rs 50 lakh a year and the income is ...

A major change in the ITR forms this year is that ITR-1 (SAHAJ) can be filed for notifying long-term capital gains (LTCG) ...

From new disclosures related to deductions and the new tax regime to improved clarity in reporting income sources, these ...