Income tax is a direct tax levied on the income of individuals or entities. The Income Tax Department calculates income tax based on pre-determined income slabs applied to net taxable income. Income ...
Understand Income Tax in India for FY 2025-26, including the latest tax rules, new & old tax slab rates, deductions, exemptions, special tax rates, and the complete ITR filing process under the ...
Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...
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Foreign asset schedules missing in revised ITR after filing ITR-1/4? I-T dept explains solution
Many taxpayers revising their Income Tax Returns this year are hitting an unexpected snag. Details of foreign assets or ...
Filing ITR can be a daunting task, and mistakes are common. In case someone is still waiting for their tax refund, it's ...
The Finance Ministry said that new Income Tax Return forms will be released before the financial year 2027-28. This follows a ...
A revised return can be filed before assessment or notice, while an updated return may be filed thereafter. “Once proceedings ...
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