ITR e-Verification Penalty: It is important to remember that without e-verification, your ITR is not considered valid by the Income Tax Department. ITR...
The Central Board of Direct Taxes (CBDT) on August 30 rolled out its e-Dispute Resolution Scheme, by detailing the process to be...
Union Minister Nitin Gadkari said state finance ministers should consider reducing GST on flexfuel vehicles to 12 per cent. Union Minister Nitin...
India’s tax system features a series of deadlines throughout the fiscal year (April 1 to March 31) for various tax-related activities. Adhering...
Gross GST collection in August 2024 recorded a 10 per cent jump to Rs 1,74,962 crore. Gross GST collection in August 2024...
Under this scheme, taxpayers meeting specific criteria outlined in section 245MA of the Act can electronically submit an application to the designated...
As per Section 194IA, the tax must be deducted from payments to joint property owners based on their contribution. The husband’s request...
Always ensure that the details provided in the ITR are accurate to prevent any issues with the Income Tax Department later. A...
Tax platform ClearTax has partnered with Microsoft to streamline tax filing for workers employed in the informal sector across India. The filing...
ITR Processing Time: Over 7 crore Income Tax Returns (ITRs) were filed by the July 31, 2024, deadline. By August 23, the Income...