The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

The Enforcement Directorate recently raided L2 Empuraan producer Gokulam Gopalan. The IT Department has now issued a notice ...

The Income Tax Department has issued a notice to Empuraan producer Antony Perumbavoor, seeking clarification on the alleged ...

The Trump administration says staff reductions at the IRS will not impact taxpayer services, but employees say otherwise.

Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...

The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

The bank stated that a demand notice under Section 156 of the Income Tax Act, including Rs 243.02 crore in interest, was ...

How a simple error on a state income tax return triggered a Detroit income tax bill for thousands of dollars for Northville couple.