All posts tagged "Income tax"
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19ITRIncome 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...
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56ITRIncome 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...
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45ITRAre 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...
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37BUSINESSGold 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...
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35ITRIT 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....
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71ITRRevised 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)...
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75ITRWhat 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...
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53ITRIncome tax audit deadline extended for these taxpayers to November 10, 2024
The deadline for submitting income tax audit reports using Form 10B/10BB has been extended for certain taxpayers. The new deadline for this category of...
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80ITRWill the ITR deadline be extended automatically for audited accounts due to the extension of tax audit deadline
The deadline for individuals required to submit an income tax audit report to file their income tax return (ITR) is October 31, 2024. It...
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71ITR
Tax query: Can I claim income tax deductions under Sections 80C and 24 (b) for a loan given by my parents to buy a house?
I have taken a home loan from a housing finance company for buying a residential property for self-occupation. For making the down...
