ITR 2025: These are some of the precautions you should take while filing your income tax return.

Senior citizens can maximise tax savings in FY 2024-25 through key income tax provisions like Section 80TTB under the old tax regime, offering higher deductions on interest income.

The process involves declaring income, deductions, and taxes paid, and can be done online through the Income Tax Portal or using an offline utility.

It is clarified that the Income Tax Bill, 2025 aims at language simplification and removal of redundant/obsolete provisions. It does not seek to change any rates of taxes.

Regarding TDS refund claims by individuals not otherwise required to submit tax returns, the committee proposed eliminating the Income Tax Bill clause that requires mandatory filing of I-T returns ...

The Monsoon Session of Parliament is set to commence, featuring 15 bills for consideration, including key legislation on finance, commerce, and income tax. A new digital attendance system will be ...

Income Tax Bill: Lok Sabha Panel recommends changes on TDS refunds, capital gains and more The Select Committee of the Lok Sabha, led by chairperson Baijayant Panda of the Bharatiya Janata Party ...

Parliamentary committee report on new Income Tax Bill 2025, replacing old Act, to be tabled in Lok Sabha.

New Income Tax Bill aims to resolve disputes over NPAs, proposing alignment with RBI guidelines for clarity and consistency.

The good news is that most states don’t tax Social Security income. A small number of states also simply don’t charge any income tax. Four states exempt most retirement income from state-level ...

Income tax return 2025: Who is required to file ITR? Know when and why you must file your return–even if you think you owe no tax.