India is poised to release a comprehensive discussion paper on cryptocurrency regulation in June 2025, marking a significant ...

A major overhaul in the way sole traders and self-employed individuals handle their tax affairs has the potential to cause widespread confusion, ...

The newly introduced Income Tax Bill,2025 (IT bill), presents a transparent and clear legal framework classifying Virtual ...

The income tax department has implemented new validation rules for ITR-1 and ITR-4 forms for FY 2024-25, requiring detailed ...

Over the past 11 years, the Indian government has systematically rolled out a wave of reforms aimed at transforming the lives of the middle class — from meaningful tax relief to enhanced social ...

People can file their Income Tax returns (ITR) for assessment year 2025-26 as the Central Board of Direct Taxes (CBDT) has enabled the online filing of ITR-1 and ITR-4 forms on its e-filing portal ...

On May 22, 2025, the House of Representatives passed H.R. 1-119th Congress (2025-2026), titled as the “One, Big, Beautiful ...

The Income Tax Department has activated the online utility for e-filing income tax returns for the financial year 2024-25 ...

ITR-4 can be filed by resident individuals, Hindu Undivided Families (HUFs), and firms (other than LLPs) with an income not ...

The Technical Note does not apply to benefits provided via a Taxed Award Scheme (TAS) or third party. More information will ...

The Income Tax Department has rolled out online filing facilities for ITR-1 and ITR-4 for Assessment Year 2025–26. Taxpayers ...

Failure to report interest earned from savings accounts, fixed deposits, bonds, or other sources, even if tax has been ...