Filing Income Tax

"Misreporting of Income may result in penalty and prosecution proceedings under provisions of Income Tax Act, 1961," said the I-T department

Form 16 contains all the salary details that need to be entered while filing income tax returns

Six changes in tax rules that come into effect today

Today is first day of the financial year 2020-21, and with new year come new tax rules. Here are the six changes that come into effect from today

Those who buy mobile handsets have to shell out more as goods and services tax rates on them have been hiked.

It is Mr Modi's govt that has added to the problem, and it can resolve it, only if it has the stomach to ignore the inevitable howls of protest from a very vocal middle class, writes T N Ninan

The law was passed by VP Singh in 1981 because the ministers were poor and could not afford to pay taxes with their meagre salaries

Good news is that the income-tax department has extended the last date for filing ITR from July 31 to August 31, 2019

This means every person must quote either Aadhaar number or enrolment ID number for ITR, PAN card

It depends on the residency status and structure of payments made in India and abroad