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Unsure if you need to file your Income Tax Return (ITR) for FY 2023-24? Learn about mandatory filing criteria, exemption limits, and key thresholds in this comprehensive guide....

The CBDT implements the interim budget's historic announcement of waiving old tax demands up to specified amounts for certain financial years, providing relief to taxpayers....

Learn essential tips for hassle-free filing of income tax returns like a pro. Maximize deductions and minimize errors with these expert guidelines....

Learn what happens if your income tax return is deemed defective and how to rectify it. Understand Section 139(9) and your options under the Income Tax Act....

Learn about tax loss harvesting, a strategy to offset capital gains by selling underperforming investments. Maximize returns while minimizing taxes....

A freelancer is a self-employed individual who values independence in choosing their own jobs, side projects, and business partnerships. On the money they make from their projects or freelance labour, freelancers need to pay income tax. Any money received by a person who uses their physical or mental potential for freelancing is classifie...

Unsure whether to file your income tax return now or wait? Learn why waiting until mid-June may be beneficial, considering TDS returns, SFT reporting, and more....

Explore the intricacies of capital gain tax on unlisted shares, from computation to reporting in ITR 2. Learn about deductions, set-offs, and more....

Understand Section 50B Slump Sale, where an undertaking is sold without individual asset valuation. Learn about computation, tax rates, and reporting formalities for capital gains under slump sale....

Explore the rules and regulations governing cash transactions in real estate deals to ensure tax compliance. Learn about permissible payment methods and the implications of cash transactions under the Income-tax Act....