Taxpayers must file the updated ITR (ITR-U) by March 31, 2024, for the AY 2021-22, which is for financial year 2021. ITR-U is defined...
Question: What is the last date to pay advance tax for Financial Year (FY) 2023-24? What are the consequences in case of non-compliance with...
You may receive a notice when there is a mismatch between disclosures in the ITR and information the department receives The department...
Updated ITR: The updated return can be filed within 24 months from the end of the relevant assessment year. Details here The...
The income tax department is starting an e-campaign targeting advance tax to inform those who have significant financial transactions in 2023-24, to compute...
Persons/entities, who are not registered on the e-filing website, have to first register themselves. The income tax department on Sunday said it...
Navigating the complexities of tax-saving strategies requires diligence and awareness of available deductions and exemptions. Making informed decisions can significantly reduce tax...
The Ministry of Finance on Sunday said that the income tax department has received information on specific financial transactions undertaken by people...
Income Tax: The Income Tax Department in a circular has said that the taxpayers who are still waiting for their tax refunds of...
Tax planning can be a complex process, especially with various deduction options and investment choices. While saving taxes is crucial, making the...