Articles

When the income tax department finds any defects in your ITR, it marks the return as defective under section 139(9) of the Income Tax Act, 1961.

Return Treated as Defective? What Should Taxpayers Do?

Notifications

CBDT updates prosecution guidelines under the Black Money Act, 2015, exempting non-immovable foreign assets up to Rs. 20 lakh from penalties and prosecution.

Black Money Act: No penalty/ prosecution for minor-value foreign assets

The Central Board of Direct Taxes (CBDT) notifies amendments to Form 10CCF to clarify income reporting for IFSC insurance offices.

CBDT Clarifies “Gross Income” for IFSC Insurance Units under Section 80LA

Voluntarily filing ITR can help students and job seekers in actively manage their financial future and can secure a stronger position for their future goals.

Why Students and Unemployed Should Start Filing ITR: Know Hidden Benefits of Filing ITR, Even If You Don’t Earn

CBDT has increased the tax-free perquisite limits for salaried employees and overseas medical treatment. Know how these increments have benefited salaried employees.

Good News! Tax-Free Perquisite Limits for Salaried Employees Substantially Increased

With the presidential assent, the Income Tax Bill 2025 has officially become the Income Tax Act, 2025.

Explore Our Blogs

Return Treated as Defective? What Should Taxpayers Do?

Black Money Act: No penalty/ prosecution for minor-value foreign assets

CBDT Clarifies “Gross Income” for IFSC Insurance Units under Section 80LA

Why Students and Unemployed Should Start Filing ITR: Know Hidden Benefits of Filing ITR, Even If You Don’t Earn

Good News! Tax-Free Perquisite Limits for Salaried Employees Substantially Increased

Income Tax Bill 2025 Receives President's Assent; Now Its Income Tax Act 2025