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FTC bans TurboTax from advertising free services

The FTC ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its services for free unless it is free for all customers.

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ITR filing 2023: Five heads of income you need to report in income tax return

While filing Income Tax Return (ITR), individuals must accurately report their income under these five specified heads as per Section 14 of the Income Tax Act and calculate their total income accordingly

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Do minors have to file Income Tax returns? Check what ITR norms says

According to section 64(1A) of the Income Tax Act of 1961, unless specific restrictions or circumstances apply, all income generating or accruing to a minor child shall be clubbed in computing the parent s total income.

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FBR Introduces New Way of Payment for Tax on Deemed Income Basis

FBR Introduces New Way of Payment for Tax on Deemed Income Basis
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Filing ITR (Income Tax Return)? How To Check And Submit Correct Income Details, Read

Any discrepancy in the information submitted in the tax return and details of Annual Income Statement (AIS) and Taxpayer Information Summary (TIS) may invite a notice from the Income Tax Department.

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