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Many income tax rules often take effect on April 1st, the start of the new financial year.

Income Tax Rules for New Finanicial Year 2024-25

Income Tax Rules for New Financial Year 2024-25

Many people use the HRA tax exemption to save money on income taxes while living in rented apartments during the financial year.

Must have HRA Proofs if you recieve Income Tax Notice

Must have HRA Proofs if you receive Income Tax Notice

The deadline for filing an updated income tax return, or ITR-U, for the financial year 2020-21 (AY 2021-22) was March 31, 2024.

Missed Filing ITR-U on 31st March: Can you go to Jail?

The Income Tax Department discovered a fraudulent scheme involving the use of Permanent Account Numbers (PANs) to falsely claim Housing Rent Allowance.

IT Department action against Employees on illegally using PAN for Bogus HRA Claim

The Income Tax Department recently uncovered 8,000-10,000 high-value cases totalling at least Rs.10 lakh involving bogus House Rent Allowance (HRA) claims.

HRA Exemption: Precautions to be Taken by Employees for Claiming HRA Exemption under Income Tax

The Utilities for Filing ITR-1 (Sahaj), ITR-2, ITR-4 (Sugam), and ITR-6 for Assessment Year 2024-25 are now available on the Income Tax Portal.

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Income Tax Rules for New Financial Year 2024-25

Must have HRA Proofs if you receive Income Tax Notice

Missed Filing ITR-U on 31st March: Can you go to Jail?

IT Department action against Employees on illegally using PAN for Bogus HRA Claim

HRA Exemption: Precautions to be Taken by Employees for Claiming HRA Exemption under Income Tax

ITR Filing Utilities for ITR-1, ITR-2, ITR-4 and ITR-6 for AY 24-25 released by Income Tax Department