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A revised return allows a taxpayer to rectify the error or omission of facts made at the time of filing the original ITR.  TABLE OF CONTENTS Steps to ...

The Finance Ministry introduced the ‘New Tax Regime’ in the Finance Act 2020. So, a taxpayer can now choose to file taxes either under the Old Regime or t...

Filing an ITR is mandatory for a person who is otherwise not required to file the return if the person has undertaken the following high-value transactions ...

Set-off and carry-forward are concepts that help us grasp how flexible the tax system is. Losses incurred in a particular financial year need to be decl...

If you have been a director/ shareholder of an unlisted company, then you are required to report the same in your Income Tax Return. Steps to report ...