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.

Many taxpayers assume that if their income falls below the taxable limit, filing an Income Tax Return (ITR) is unnecessary.

ITR Filing: Even in the absence of any tax liability, filing an Income Tax Return (ITR) is extremely important. It ...

The updated ITR forms include dedicated sections aligned with presumptive taxation rules under Sections 44B, 44BB, 44BBA, ...

In India, asset transfers are subject to capital gains tax in the year of transfer, with mandatory reporting in ITR-2 or ...

Taxpayers owning up to two house properties, whether self-occupied, let out, or a combination, can now report income or loss ...

As the July 31 filing deadline approaches, here are some of the notable changes you may encounter when submitting your tax ...

A performance bonus is treated as part of your salary income and is taxed at your applicable slab rate. There is no separate ...

Michiganders are encouraged to use the time available before the April 15 state individual income tax deadline to ensure an accurate individual income tax return is filed, according to the Michigan ...

Women are actively investing in India, moving beyond traditional savings. While participation in mutual funds and equities is ...

April 7, 2026 Gatineau, Quebec Employment and Social Development CanadaEach year, many Service Canada clients have ...

SEN. Win Gatchalian has filed a resolution seeking an inquiry into the status of the Bureau of Internal Revenue’s ...