Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and boosting transparency for taxpayers ...

May 2026 brings crucial tax compliance dates, including May 7 for TDS/TCS deposit and declarations, and May 15 for issuing ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use ...

The AIS reflects financial data available with the tax department, based on information received from third-party sources ...

The Income Tax Department has notified all seven ITR forms, along with ITR-V and ITR-U, for the Assessment Year 2026-27 (Financial Year 2025-26). This has led many taxpayers to wonder if they can ...

Many taxpayers believe that filing an Income Tax Return (ITR) is unnecessary if their income falls below the taxable limit. However, financial experts say that even individuals with zero tax liability ...

Salaried Individuals' ITR Filing Season for FY 2024-25 is Underway. Here's a Checklist of 8 essential documents you need.

Taxpayers and businesses must comply with several important filing and reporting deadlines throughout May 2026, including TDS ...

Key dates include May 7 for depositing TDS/TCS for April and filing declarations under the Income-tax Act, May 15 for issuing ...

The declarant, who is a resident, must ensure that their expected final tax liability for the year is NIL and duly fill all ...