Is your F&O trading income considered business income? Understand how it's taxed, its classification, and filing implications.
Forgot to report F&O income or loss in your ITR? Learn about the penalties and consequences you may face from the tax department.
Looking to save tax on F&O income? Explore legal strategies to minimize taxes and claim eligible deductions under the Income Tax Act.
Learn about Section 132 of the Income Tax Act, which empowers tax authorities to conduct searches and seizures to uncover undisclosed income and prevent tax evasion.
The Income Tax Department has extended the ITR filing deadline for FY 2024-25 to September 15, 2025, providing taxpayers extra time to file returns. This extension allows individuals and businesses to ensure accurate submissions without facing penalties.
