Many taxpayers who have already filed their Income Tax Return (ITR) are now running into an unexpected hurdle: when attempting to file a revised return, details related to Schedule Foreign Assets (FA) ...

I made some tax-saving investments in June 2020. Will it be counted for FY21 or for FY20? How should I show this in my income tax return form? I still have time to make more tax-saving investments for ...

Income Tax refund update: The income tax department has been sending alerts via SMS and email to hundreds of taxpayers saying that their income tax refund has been put on hold due to a mismatch in ...

The CBDT committee on simplification of ITR forms is carrying out extensive consultations with tax experts, institutional bodies, and field formations of the I-T Department, he said in a written reply ...