Income Tax Return: How to choose the correct ITR form for tax filing

Income Tax Return: How to choose the correct ITR form for tax filing

Filing income tax returns (ITR) is an essential responsibility for every taxpayer in India. The process begins with selecting the appropriate ITR form, which varies depending on your income sources, residential status, and other financial particulars. Choosing the correct form ensures compliance with tax laws and helps in accurate reporting of income. This article serves … Read more

CBDT to reopen cases linked to false HRA claims? Income tax body issues clarification, says ‘any apprehensions about…’

CBDT to reopen cases linked to false HRA claims? Income tax body issues clarification, says ‘any apprehensions about…’

Rejecting media reports suggesting the large-scale reopening of cases related to incorrect house rent allowance (HRA) claims, the Central Board of Direct Taxes (CBDT) on Monday, April 8 clarified that “apprehensions about retrospective taxation on these matters and re-opening of cases are completely baseless.”  Also Read: Income Tax: Rent paid to spouse can be claimed … Read more