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The revised New Income Tax Bill, 2025, will be introduced in the Parliament on August 11, sources said. The 31-member Select Committee had made a number of recommendations and suggestions to the original Bill.

ITR Filing 2025: Freelancers face unique tax challenges compared to salaried employees, including differing income classifications and deduction eligibility. Here's everything you should know 

ITR Filing: First-time taxpayers can follow a step-by-step guide from the Income Tax Department for filing income tax returns. Key steps include registering on the IT portal, collecting documents, selecting the correct I...

The income tax department has activated ITR-5 for online filing, applicable to firms, LLPs, AOPs, and BOIs. 

In a viral Reddit post, a user claimed his taxable gain was five times his actual profit. The huge gap between what he truly earned and the profit the tax department will consider to calculate income tax left him stunned...