Filing ITR is not only about paying tax, but also about creating an official record of your income. In today’s digital system ...
If your income is low and your taxes come to zero, you might think filing an ITR is not needed. But skipping it could mean missing out on some useful benefits that go beyond just paying tax.
ITR Filing: Even in the absence of any tax liability, filing an Income Tax Return (ITR) is extremely important. It ...
Many taxpayers assume that if their income falls below the taxable limit, filing an Income Tax Return (ITR) is unnecessary.
Equity shares or mutual fund units can be transferred within families without capital gains tax if they are gifts. Here are ...
The issue was whether deduction under Section 80P is allowed when return is filed late. ITAT held that post-2018 amendment, deduction is barred if return is not filed within the due date under Section ...
A growing majority of Americans believe they are paying more than their fair share in taxes, according to a new Pew Research ...