Filing an income tax return is a legal obligation that varies based on different scenarios. Here's a breakdown of who should file an income tax return: Filing an Income Tax Return (ITR) in India is ...

The ITR Awards programme is a prestigious event that celebrates excellence within the global tax community. It provides a unique platform for leading firms, advisors, and their clients to showcase ...

The Black Money Act of 2015 was introduced to combat such illegal practices, and Schedule FA became a crucial role of the Income Tax Return (ITR) Form from the Assessment Year (AY) 2012-13, relevant ...

Indian residents are required to report their global income and foreign assets as part of their annual income tax return (ITR) filings. The provisions of the Income Tax Act, 1961, mandate transparency ...

Disclosing ownership of foreign assets and reporting income from them are two different requirements in the ITR, both of which need to be done. Taxpayers have to mandatorily report all foreign ...

Declaration of foreign assets: If foreign assets were not declared in the original Income Tax Return (ITR) filed for AY 2024-25, a revised return must be filed by December 31, 2024. Failure to do ...

The new tax regime (NTR) was introduced by the Finance Act 2020. At that time, NTR was an optional regime while the old tax regime (OTR) remained the default regime. Also Read: Will my old disease ...

7% of Income tax where total income is more than ₹1 crore 12% of Income tax where total income is more than ₹10 crores ...

Raha, the daughter of Alia Bhatt and Ranbir Kapoor, has quickly become a social media sensation. Whether on-camera or off-camera, the little one already shines as a star. Recently, the “Love & War” ...

However, a taxpayer can choose any tax regime while filing ITR. The option of choosing any tax regime while filing ITR is available if tax return is filed before expiry of ITR filing deadline. Income ...

Khushi added a simple pendant to her elegant look. 2.Corset floral dress Khushi Kapoor looked super cute in this floral corset fit with a slit, which adorned green floral prints. She carried a brown ...