The Income Tax Department has notified the income tax return (ITR) forms for FY 2024-25 (AY 2025-26). But, although software utilities for ITR-1 and ITR-4 have been released by the tax department, it ...

A US citizen of Indian origin, Mr. Patel, faced a tax notice for an unexplained Rs 66 lakh property purchase in India.

A recent post by an NRI on an online public forum might struck a chord with many NRIs who have moved in and out of India over the years and are unsure about their income tax disclosure obligations.

A taxpayer, who moved to Korea for employment during financial year 2012-13, filed his return of income for assessment year 2013-14 on July 21, 2013. In the said return, he declared his total income ...

The India Union Budget for 2026–27 is expected to be presented in the Indian Parliament on February 1, 2026. In recent years, ...