Difference Between Financial Year and Assessment Year
When it comes to taxes and finance, terms like “Financial Year” (FY) and “Assessment Year” (AY) are used…
Budget 2025 Highlights: Key Announcements and Detailed Analysis
The Union Budget 2025 has introduced significant tax reforms, trade facilitation measures, and sectoral investments aimed at driving…
New Income Tax Slab 2025: Key Changes and Benefits for Taxpayers
In the Union Budget for the fiscal year 2025-26, the Indian government introduced significant changes to the income…
Cabinet Approves 8th Pay Commission: Benefits for Employees and Pensioners
The much-anticipated formation of the 8th Central Pay Commission has been approved by the cabinet, led by Prime…
ITR Filing Deadline Today: Submit Revised or Belated Returns by January 15, 2025
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated or revised Income Tax…
Section 194R Of Income Tax Act: What You Need to Know
Introduced in Budget 2022, Section 194R of Income Tax Act is designed to bring clarity to the complex…
How to Login and Register to Income Tax Portal?
Whether you’re a new user looking for income tax e-filing registration or an existing taxpayer accessing the income…
Section 80RRB: A Comprehensive Guide to Royalty Income Tax Deductions
Royalty from a patent is like a reward for outstanding work. To encourage innovation, the Income Tax Act…
How to Make E-Tax Payment? A Simplified Step-by-Step Guide
Tax payment has now become easier than ever because of the e-Tax payment option that allows all taxpayers…
Project IEC 3.0: Tax Department to Launch Improved ITR Filing Portal
The Income Tax Department plans to revamp its e-filing system by launching Project IEC 3.0. The new system…