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

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

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

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

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

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 ...

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

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.

Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...

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

The IT Department is now seeking clarification on his income structure as part of the ... s home and office over discrepancies in his tax filings. The search extended to his production company ...