The ITR is a declaration of one's income to be used for showing the taxes tat have to be paid during a financial year.

It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...

Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...

You might be wincing at the thought of having to prepare another tax return this filing season because your child earned some money, but there may be a few shreds of silver lining. “We file a ...

Unsure whether to opt for the new or old tax regime while filing your ITR? Your decision should be based on factors like ...

Income-tax Return (ITR) forms 2 and 3 include Schedule FA, which is used for reporting foreign assets, income, and beneficial ownership.

Keep proper documentation such as travel tickets, boarding passes, and payment receipts, as LTA claims are subject to ...

Many NRIs using Double Taxation Avoidance Agreement (DTAA) are getting Income Tax notices for claiming benefit of lower or ...

The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...

This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know how to do damage control ...

Even after the due date, you can revise a return and change the tax regime, but only if the original ITR was filed by the due date of filing. In my opinion, you can file a revised ITR to correct ...