TAX

If you are required to deduct or collect TDS or TCS, it is important to do so correctly and on time.

HRA deduction is a valuable tax exemption that can help salaried individuals to save money on their taxes.

Setting up of state-level benches of GSTAT would help businesses by way of faster dispute resolution

Here's how you can check the status, and what could be the reason for your ITR refund delay

Under Section 80D of Income Tax Act, if one or both parents are above 60 years of age or senior citizens, the maximum tax deduction allowed is Rs 50,000

The last date for filing statement of financial transactions (SFT) for 2022-23 fiscal was May 31.

The Income Tax department has enabled online filing of income tax returns 1 and 4

Form 16 is also accepted as valid proof of income by banks and financial institutions when employees apply for loans or credit cards.

ITR Filing: Taxpayers can view and download their Form 26AS using their PAN card number.

The tax calculator does not purport to give correct tax calculation in all circumstances.

The tax calculator is live on the income tax department's portal.

Summons refers to a procedure where an officer calls upon or demands the attendance or presence of a person, whether a taxpayer or not

The Budget 2022-23 estimated direct tax collection at Rs 14.20 lakh crore this fiscal

If you filed the income tax return on July 31, you need to e-verify ITR by August 31 to get it processed. Otherwise it will be rendered invalid.

Income Tax Return AY 2022-23 or FY 2021-22: Did you know that you can claim an income tax deduction of up to Rs 10,000 for the interest received from your savings bank accounts? Let's take a look at how Section 80TTA works

The Group of Ministers will, however, present a status report to the GST Council on the consensus which was arrived at the previous meeting of the GoM on November 20, 2021.