All posts tagged "Income tax"
-
12ITRITR filing in December: Belated, Revised income tax returns vs ITR-U – know the difference & details
Filing income tax is one of the crucial tasks for taxpayers in India. On December 31, 2024, the opportunity to file belated...
-
43ITRIncome Tax: Check the latest list of 29 banks available for e-Pay Tax service
The Income Tax (I-T) department had rolled out a new e-Pay Tax service wherein the entire chain of activities related to payment...
-
68FINANCEPAN 2.0: Will it be more like income tax Aadhaar? Know how it will affect individual taxpayers and businesses
The government is spending Rs 1435 crore to upgrade the existing permanent account number (PAN) infrastructure to help improve services for taxpayers...
-
92ITRIncome Tax Rule Change: Relief for companies, trusts and others for claiming benefit of lower tax, tax audit and others with new condonation of delay rules
The Ministry of Finance through the Central Board of Direct Taxes (CBDT) has issued a circular which essentially condones delay in filing...
-
72ITRIncome Tax: Filing ITR early this time? Here are 8 key strategies to optimise tax savings
A new financial year (FY) has begun, and with it comes the opportunity to strategically manage your taxes. In other words, it’s...
-
80ITRAre Diwali Gifts And Bonuses Taxable? What You Need To Know
Under current Income Tax regulations, gifts received during Diwali, whether from loved ones or employers, may lead to tax liability if their...
-
52BUSINESSGold taxation: Income tax laws for capital gains on gold have changed, know the new rules
The government has changed the capital gains taxation rules for all asset classes, including gold, mutual funds, equity, real estate, etc. The...
-
41ITRIT department issues guidance note on Vivad Se Vishwas dispute resolution scheme
It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax....
-
89ITRRevised Income Tax Audit Report Deadline For AY 2024-25: Check Date and Penalties for Late Filing
Revised Income Tax Audit Report Deadline: The deadline for submitting the income tax audit report for the financial year 2023-24 (assessment year 2024-25)...
-
81ITRWhat is the deadline to file a revised income tax audit report? When can you submit a revised tax audit report?
The deadline for submitting an income tax audit report for the financial year 2023-24 (assessment year 2024-25) was October 7, 2024. If...
