The Punjab and Haryana High Court has granted bail to an Indian Revenue Service (IRS) officer accused of demanding a bribe of ...

Employee Stock Option Plans (ESOPs) lead to tax at two points and misreporting may lead to mismatches, notices or interest. On exercising the options, the amount that you pay above the exercise price ...

Filing ITR for the first time might appear daunting, but knowing the basics and preparing in advance can prevent you from making costly errors and last-minute stress. Here's what you should consider ...

U, the updated income tax return under Section 139(8A). Learn who can file, key changes from the Finance Act 2025, and how to file a corrected ...

Mumbai ITAT rules that tax additions for bogus purchases are not valid if the goods were returned and the transactions were fully reversed in the company's ...

Salaried taxpayers preparing to file their Income Tax Return (ITR) for AY 2025-26, with a deadline of September 15, 2025, should have their Form 16 ready. This form, downloadable from the TRACES ...

Income Tax return: Filing ITR is essential for financial management.The Income Tax Department offers an online utility to file returns. Ensure correct ITR form selection, verify personal ...

The Karnataka government has announced a 50% rebate (waiver) on pending traffic penalties beginning on August 21, 2025, in an ...

Not filing income tax returns for multiple years leads to heavy penalties, interest, prosecution risk, and loss of financial benefits, making timely income tax filing essential for long-term ...

New Income Tax Bill 2025: The Parliament has passed the New Income Tax Bill 2025, a major overhaul aimed at simplifying tax procedures for individuals and corporations. The revised bill ...

Visit the official income tax website. Go to Downloads → Choose the relevant Assessment Year → Download Common Offline ...

Parliament passes new Income Tax Bill to simplify language and enhance clarity, effective from April 1, 2026.