ITR: If you are a salaried individual, Form 16 is a crucial document for filing the income tax return (ITR). Employers are required to file their e-TDS return for the January–March quarter by 31 May.

ITR filing FY 2024-25: Indian taxpayers often wonder if filing an Income Tax Return (ITR) is necessary when Tax Deducted at Source (TDS) has been deducted. Experts clarify that filing an ITR is indeed ...

ITR filing FY 2024-25: It’s that time of the year when every taxpayer gets together documents to file their income tax return. This year the last date of filing the income tax return has been extended ...

Filing Income Tax Return (ITR) is an annual obligation for eligible Indian taxpayers. Filing your Income Tax Return (ITR) is a crucial step that not only fulfils a legal requirement but also ...

The Tax Deducted at Source (or TDS) is a taxation mechanism that ensures that taxes are collected from the source of income. It’s a form of advance tax that is deducted by the payer at the time of ...

The Income Tax department has now notified all seven forms for taxpayers — with most salaried individuals required to submit the details by July 31. Employers are also likely to share Form 16 in the ...

Late ITR filing incurs penalties, but belated returns can be submitted until December 31, 2025. Updated returns are due by March 31, 2030.| Business News ...

New Delhi: When a person passes away, their income tax responsibilities don’t end with them. A legal heir or representative, often a spouse, child, or close relative can file the income tax return on ...

In Mumbai (and most parts of Maharashtra), this is done through the taluk or tehsildar office or the local municipal corporation office in the area where the deceased lived. The process typically ...