ITR
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263TCS Deduction On Standalone Overseas Hotel Bookings: Onus Should Be On Banks, Says MakeMyTrip
Currently, 5 per cent TCS is levied on overseas tour packages irrespective of spending. The onus of deducting TCS should be banks,...
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382Income Tax Return: What is defective ITR and how can it make you pay a hefty fine
Income Tax Return: The deadline for filing your income tax return is approaching on 31st July 2023. It is crucial to exercise caution...
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376Income Tax rules explained: Who is required to get accounts audited under Section 44AB?
Tax audits play a significant role in income tax compliance in India, governed by Section 44AB of the Income Tax Act, 1961....
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3157th pay commission: Received salary arrears? Do this for tax relief under Section 89
7th pay commission latest news: Central and other Government employees receiving salary arrears can claim tax relief on arrears under Section 89....
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293Centre Reduces GST Rates On Electronic Items: Here’s How Much You Save
In a major relief for the people of India, the Union Finance Ministry has announced a reduction in Goods and Service Taxes...
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361ITR Filing: How to report tax on gains from Equity Mutual Funds in Income Tax Return for AY 2023-24
Tax on gains from Mutual Funds: The due date to file the Income Tax Return (ITR) for AY 2023-24 is July 31,...
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379GST Update: Over 12k Fake Entities; Biometric Authentication Soon, Tighter Return Filing
A pilot on biometric authentication and geo-tagging is already underway in a couple of states. CBIC is working on biometric authentication of...
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253July 2023: Not just last day to file your income tax return (ITR), important tax dates to mark on your calendar
July is a crucial month for income tax assessees in India, owing to several tax-related activities and deadlines that coincide during this...
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300Are Your A Senior Citizen Trying To Save Income Tax? Check Out This Provision
Under Section 80D of Income Tax Act, if one or both parents are above 60 years of age or senior citizens, the...
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307Income Tax Return: Filing ITR? Be aware of THESE changes while declaring income details
With the Income Tax filing season on, taxpayers are in a hurry to file the tax returns. If you are also among...
