ITR
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Brace up for more disclosures in the new tax return forms
Breaking from tradition of notifying income tax return (ITR) forms in April or May, the Income Tax (I-T) department has done so...
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Checking Evasion: Taxpayers’ bank accounts to be under GST lens
Anxious to curb tax evasion and boost revenue receipts, the goods and services tax (GST) authorities will consult RBI and National Payments...
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ITR-1 Sahaj form not for taxpayers spending Rs 1 lakh on electricity, Rs 2 lakh on foreign travel
In significant changes in income tax return filing forms, individual taxpayers owning house property in joint ownership and those who have paid...
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Received a tax notice related to capital gains? Here is how you should respond
You take time off your busy work schedule to file your income-tax returns before July 31. Your burn the midnight oil to...
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Submit these supporting documents to your employer to claim tax deductions
It is that time of the year when employers begin to ask for the submission of income-tax proofs from you. The tax...
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1.9KTDS on Cash Withdrawal: New Income Tax notification details and who will be affected – Explained
The Ministry of Finance recently notified Form 26QD for TDS Return and Form 16D for TDS Certificate under section 194M and 194N...
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Declare tax dues before this date and avoid penalty, interest: Solve tax disputes under this scheme
The deadline for announcing tax dues under Sabka Vishwas dispute resolution scheme is inching closer. Under the government scheme, those who make...
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Ignored tax demand? Now pay interest at 1% per month
Three years ago I got a tax demand for Rs 25,000. After that I went abroad and ignored it and did not...
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How investors can benefit from corporate tax cuts
The mini budget announced by finance minister Nirmala Sitharaman on September 20, 2019, leading to the biggest-ever reduction in corporate tax rate...
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Income tax department admits error in charging late ITR filing fee
The income tax department has admitted that there has been an inadvertent error while processing income tax returns (ITR) of partners of...
