An individual has to go the CSC of a post office and enquire about filing IT returns. A designated person will be there to help
Even if your income is below the exemption limit, filing of return is mandatory if you have overseas assets or deposits worth more than Rs 1 crore
Gifts received from your family aren't considered part of the extended income or 'income from other sources'. Hence, it's tax-free
Paying off taxes via credit cards seems too luring. However, experts suggest to remain highly cautious while opting for the same
Of this, personal income tax refund stood at Rs 10,408 crore, while that of corporates was Rs 26,642 crore
Several individuals including avoid filing income tax returns as they do not want to declare their earnings from various sources
At Rs 92,849 crore, the goods and services tax (GST) collection is the lowest in 10 months since August 2020
If the amount donated exceeds 10% of the adjusted gross total income, then the amount over such 10% shall not be eligible for deduction
The new provisions will be applicable to purchase of goods, increased TDS rates for non-filers, and the pension of senior citizens
Money received from anyone on the occasion of an individual's marriage is not taxable