Income Tax Department
Latest news, explainers and analysis on Income Tax Department. Tracking 2 stories on Arth Vani.
Latest on Income Tax Department
BreakingITR Filing 2024-25: Why Choosing the Wrong Form Could Lead to an Income Tax Notice
Salaried individuals often default to ITR-1, but changes in income sources or job switches can make this form invalid. Experts warn that selecting the wrong form can result in defective return notices from the Income Tax Department.
BreakingITR Filing: FM Sitharaman Directs Tax Officials to Allow Corrections for Genuine Mistakes
Finance Minister Nirmala Sitharaman has instructed the Income Tax Department to support honest taxpayers by allowing them to rectify genuine errors. Ahead of the July 31 deadline, the FM emphasized a shift toward 'responsive governance' to reduce litigation and increase tax certainty.
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