Income Tax Returns, or ITRs, are annual statements that individuals and businesses must file with the Income Tax Department ...

They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new electronic income tax return form for individuals. The ...

Section 158BC applies when undisclosed income is unearthed during search or seizure operations conducted by the Income Tax ...

The Federal Board of Revenue (FBR) has issued draft of the electronic income tax return form for individuals and companies.

Ensure that you choose the right form, do not omit any source of income and claim deductions only if you can furnish proofs ...

Discover the top 10 tax deductions you can claim in your ITR for FY 2024-25. Save more by using these smart tax-saving ...

Choosing the right ITR form saves you trouble during income tax filing. From salaried individuals to companies and trusts, ...

Filing income tax returns (ITR) can be confusing but since it is an important part of managing your money, you need to be ...

Avoid income tax notices by understanding frequent errors: not reporting all income, incorrect ITR forms, TDS mismatches, unreported foreign assets, false deductions, high-value transaction oversight, ...

The Clean Vehicle Credit, overhauled and extended through 2032 as part of the Inflation Reduction Act, will now end after ...

ITAT Mumbai held that depreciation of amalgamating company cannot be disallowed merely for non-filing of Form No. 62 which is only directory. Thus, non-compliance of the same would not disentitle the ...