With the income tax department already enabling online filing utilities for several categories of taxpayers, many salaried ...

AIS provides taxpayers with detailed financial transaction reports essential for accurate income tax return filing. Taxpayers should review their AIS for discrepancies to avoid incorrect tax ...

Individuals use Income Tax Return forms to report income, deductions and tax obligations for a given fiscal year ...

The Income Tax Department has initiated online filing for AY 2026-27, with ITR-1 and ITR-4 available since May 15. Senior ...

Tax experts have advised taxpayers to carefully review their Annual Information Statement (AIS) before filing Income Tax Returns. Any mismatch between AIS and ITR can lead to notices, penalties, ...

Aspiring professional board examinees in Cebu may soon receive financial assistance from their local government units (LGUs) following the approval of a resolution by the 17th Sangguniang Panlalawigan ...

An MBA graduate walked away from a Rs 25 LPA job offer to become an Ola driver. Despite facing criticism, he built a fleet of five cars in three years and now earns around Rs 1.5 lakh per month.

The Tribunal ruled that booking a residential flat and making substantial payments toward its acquisition can amount to a purchase for Section 54F purposes. Registration at a later date does not ...

The Tribunal held that disallowance of 20% of total purchases was unsustainable where the Assessing Officer had accepted sales, stock records, and quantitative details. Mere non-service of notices ...

The updated framework strikes a balance between ease and accountability. Smaller, everyday transactions have been freed from ...