All posts tagged "IT Department"
-
26ITRIncome Tax Department reduces time allowed to apply for old income tax refunds; check the new time limit
The Central Board of Direct Taxes (CBDT) recently issued a circular on the application for condonation of delay in filing ITR. Income...
-
34ITRLast date to file a belated ITR for AY 2024-25 is December 31, include foreign income to avoid penalty
Taxpayers who fail to disclose foreign assets or income in their ITR could face a penalty of Rs 10 lakh under the...
-
24ITRDisclose Foreign Assets, Income Or Face Rs 10 Lakh Fine, Tax Department Issues Caution
The Income Tax Department cautioned taxpayers that failure to disclose assets held abroad or income can attract a penalty The Income-Tax Department...
-
36ITRITR For AY 2024-25: Income Tax Department Targets Undisclosed Foreign Assets With New Campaign
ITR For AY 2024-25: Income Tax Department Targets Undisclosed Foreign Assets With New Campaign The Income Tax Department announced on Saturday that...
-
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....
-
45ITRIncome Tax: CBDT Extends Deadline for Audit Report to October 7, Know Penalty on Missing Due Date
The deadline extension for audit report till October 7 is applicable to all taxpayers, including individuals and companies, whose income tax deadline...
-
65MUST KNOWWhat Income Tax Department Will Do If You Exceed Rs 10 Lakh Deposit Limit In Savings Account
The tax is levied on your income if it is above a certain limit as per the tax slabs. The Income Tax...
-
69ITRIncome Tax Department Hikes Threshold for Filing Appeals in Courts, Tribunal by Tax Officers
Tax authorities can file appeals before the ITAT, high courts and Supreme Court, if the disputed tax demand exceeds Rs 60 lakh,...
-
92ITRMissed September 15 advance tax deadline? Prepare for additional taxes and interest on outstanding dues
Advance tax payments are split into four installments with specific due dates: 15% by June 15, 45% by September 15, 75% by...
-
95MUST KNOWCash Deposit Limit: New rules by Income Tax Department
In today’s era, a savings bank account is essential for everyone. A bank account is essential to avail of all the government...
