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Income Tax Return Filing: Top mistakes to avoid when filing ITR

Financial Literacy News: Income Tax Return Filing: The initial step for anyone filing their Income Tax Return (ITR) involves ensuring the accurate selection of the appropriate ....

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How to switch from new tax regime to old tax regime for FY23-24

Change income tax regime: At the start of the financial year, an individual is required to select one tax regime - old or new- for deducting of taxes on salary by employer. However, it may happen that an individual wants to switch the tax regime from what was opted in the start of the financial year. The income tax laws allow such change. Here is how to go about it. ....

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ITR Filing Update: Nearly 8 Crore ITRs Filed Till Dec 2

In 2022-23 financial year, 10.09 crore PAN holders paid taxes for income earned in 2021-22. ....

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IRIS system's capacity enhanced: Up to 0.6m taxpayers to file tax returns on a daily basis

ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced the capacity of the IRIS system enabling 0.5-0.6 million. ....

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Income Tax Return Filing: ITR Filing Deadline For Charitable Trusts Extended Till This Date

The Income Tax Department said the due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is extended to 30.11.2023. ....

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