The Union Finance Minister also commended that tax notices should be temperate, simple and easy to understand for the taxpayer. New Delhi: As...
The task of reviewing the Income Tax Act of 1961 will be completed in the given timeframe, CBDT Chairman Ravi Agrawal said...
The Ministry of Finance has released a new clarification, in response to what it calls false information, stating that Indian nationals traveling...
With the announcement of the full Union Budget 2024-25, taxpayers in India are once again faced with the decision of choosing between...
The total number of ITRs filed for the Assessment Year (AY) 2024-25 exceeded 7.28 crore, marking a 7.5% increase compared to the...
When you file your income tax return, it undergoes a computer-based scrutiny under Section 143(1). Section 143(1) of the Income Tax Act...
Finance Minister Nirmala Sitharaman, in an effort to enhance the attractiveness of the New Tax Regime for salaried taxpayers, introduced two significant...
The CBDT’s investigation focuses on potential discrepancies between the information provided by taxpayers and the records of foreign remittances. Read More: Fake...
Income Tax Return (ITR) Refund: It is important to note that your tax refund can only be issued once the Income Tax Department...
ITR refund scam: Under no circumstance should individuals respond to emails or visit websites that solicit credit card details, bank account information,...