IncomeTax

NEW DELHI: The Union finance ministry on Monday reported over 20% year-on-year jump in gross direct tax revenue at ₹19.68 lakh crore for the financial year ending March 31, 2023, days after it declared about 22% annualised growth in Goods…

'Government's focus should be on the expenditure side in this Budget, not so much on the taxation side.' As the Budget is days away, former chief statistician Pronab Sen tells Indivjal Dhasmana/Business Standard, "If the government cuts…

Revenue secretary Tarun Bajaj has said that the new exemption-free income-tax regime needs to be tweaked to make it more attractive. Bajaj, who superannuates this Wednesday, told ET's Anuradha Shukla & Deepshikha Sikarwar in an…

Attention to details is paramount when filing income-tax return (ITR). By mid-June, employees receive Form 16 from their employers. The first step in filing ITR is to compare Form 26AS with Form 16. If there are discrepancies in the…