In a relief for taxpayers, the income tax department has announced extended dates for filling the forms of Form 10A/Form 10AB. As per the new information, the revised dates were announced on April 25. The Central Board of Direct Taxes (CBDT) announced on Thursday the extension of application registr...

Section 80TTA/80TTB of Income Tax Act provides that in case the gross total income of an assessee being, an individual or a HUF, includes any income by way of interest on saving deposits. Such interest income shall be earned from saving account is maintained with: a banking company to which Banking ...

Many employers have asked their employees to submit proof of the investments made during the year, to avoid higher tax deduction from salary income. Unlike in the previous years, the income tax laws have a lot of changes now and some of them came into effect from April 1, 2023, for FY 2023-24. So sa...