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Mandatory scrutiny of ITR: Income tax dept reveals the criteria how the ITRs will be selected for the scrutiny

Income tax return: The tax department has released a circular which outlines the criterias and procedure to be followed if a particular income tax return (ITR) is to be selected for scrutiny. These guidelines also includes the procedure and criteria to be followed for section 142 (1) income tax notice.

ITR Filing for AY 2024-25: How will the new feature in AIS introduced by CBDT recently help taxpayers?

Income tax FY25: How are listed and unlisted shares taxed. Check details

The computation of capital gains on shares is a complex subject in India considering that there are many factors that need to be considered such as the period of holding, way of purchase, gift, inheritance, and others.

No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC

Bank employees have to pay income tax if they had taken loan from their employers at a concessional or interest free rate.

NPS: How do contributions to and withdrawal from National Pension System are taxed?