If you file an updated return later, you will have to pay interest and additional tax, and will not be able to claim refunds ...

The standard income tax Personal Allowance stands at £12,570. This is the maximum amount, under most circumstances, that you ...

You can earn up to £7,500 in rental income a year, without having to pay tax, thanks to the Rent a Room scheme - here is what ...

The court directed the refund of TDS erroneously deducted from an arbitral award, ruling that interest on the TDS is not payable. The Execution Petition was disposed of ...

Be on the lookout for emails from the Income Tax Department regarding your larger financial dealings. These are friendly ...

The Tribunal ruled that inadvertent omission of claiming advance tax does not bar interest under Section 244A. Authorities cannot withdraw interest through Section 154 rectification for such ...

HM Revenue and Customs has sent out over 200,000 letters to people who will be impacted by changes to the tax system next ...

Several taxpayers claimed refunds by showing fake donations to political parties and charitable institutions, often with the ...

HM Revenue and Customs has written to over 200,000 people who will be impacted ahead of the April 2026 rollout ...

Fixed income saw a bull run in Q3 2025 and PGIM Global Total Return Fund outperformed its benchmark. Click here to discover ...

The Income Tax Department has intensified its data-driven ‘NUDGE’ campaign, alerting taxpayers about mismatches between ITRs ...

PIMCO Municipal Income Fund II is a standard, diversified municipal bond closed-end fund with middling-to-high credit quality ...