Since you have earned capital gains but have not offered them to tax, your only option now is to file an updated tax return.

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

Section 80C of the Income tax Act allows specific investments and expenses to be tax-free. By carefully planning investments ...

In the matter abovementioned ITAT remanded matter to AO for adjudicating exemption by taking registration u/s 12 A as it is impossible for assessee to mentioned new registration particular in ITR-7.

The ITR filing utilites for ITR-2 and ITR-3 has been updated on January 4, 2025 however, the JSON schema is not yet updated ...

Indian residents must disclose foreign assets and income in their ITRs by January 15, 2025, to maintain compliance and avoid penalties.

Skatteforvaltningen is being represented by international law firm Hughes Hubbard in its efforts to reclaim monies related to ...

Sensex tumbles by 1,258 points due to HMPV fears & global uncertainties. PSU banks lead declines amid negative market ...

The CBDT is hiring 8 Data Processing Assistants in the Income Tax Department on a deputation basis. Eligible candidates can ...

India’s real estate sector is on the cusp of transformation as it enters 2025. The industry is a cornerstone of the nation’s ...

Budget 2024's revamped tax regime offers simplified slabs, higher deductions, and savings up to Rs 17,500 annually, enhancing flexibility and easing tax compliance for taxpayers.