
It is heartening to note that a large number of taxpayers did their due diligence by comparing data of their…
Section 234F imposes a penalty of ₹5,000 or ₹1,000 for small taxpayers, and Section 234A incurs a monthly penal interest…
But for those filing ITR 4, they’ll have to use Form 10-IEA to choose not to be a part of…
A taxpayer acquiring foreign assets by way of inheritance would be required to furnish the details of the same in…
Form No. 10B/ 10BB is the audit report required to be furnished in case a taxpayer is a fund or…
How long should your keep old ITR records: ITR filers should retain their records/documents for up to 10 years from…
Advance Tax Payment Rules 2023: Every individual, including salaried employees, is required to pay advance tax if his/her tax liability…
The average ITR processing time for returns filed for AY 2023-24 has been reduced to 10 days compared to 82…
Revised Income Tax Return: every taxpayer (including belated ITR) is allowed to file the revised ITR under Section 139(5) if…
Income Tax Notice news AY 2023-24: Salaried employees can get a notice for making fake HRA claim.
Income Tax Notice Types for AY 2023-24: If you have filed Income Tax Return for AY 2023-24, you may receive…
ITR filing trends 2023: There has been a notable shift in taxpayer preference, with 15% of individuals choosing the New…
How salaried employees can respond to Income Tax Notice: Experts say salary individuals should ensure sending a timely response to…
Income Tax Return Last Date AY 2023-24: Filing ITR is a responsible financial practice that contributes to the smooth functioning…
ITR filing AY 2023-24: Before the last date to file ITR without any penalty, more than 53 lakh new taxpayers…
Belated Income Tax Return Filing AY 2023-24: If you have failed to file your ITR for AY 2023-24 by July…
Income Tax Return Filing AY 2023-24 Due Date news: As the deadline for ITR filing is ending today, taxpayers are…
ITR Filing Due Date AY 2023-24 News: Even though there has been a record of ITR filing this year, several…