Individuals may receive a notice from the Income Tax Department if they have concealed their income, claimed incorrect deductions or have any...
New Delhi: The deadline for filing Income Tax Return (ITR) for the fiscal year 2022-2023 is over. Last date to file ITR...
In case there are any mismatches in the details or total tax liability, an ‘outstanding tax demand’ notice is issued by the...
An updated return can be filed at any time within 24 months from the end of the relevant assessment year. Updated Return: The...
Income Tax Demand Notice/Intimation AY 2023-24: ITR filers can receive a tax demand notice if there is a discrepancy between the tax...
Income which is accruing or arising or deemed to accrue or arise in India is also taxable in the hands of all...
In a positive move for salaried employees, the Income Tax department has announced revisions to the valuation norms for rent-free accommodation provided...
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a...
Income Tax department said that boards for advance rulings have been operationalised in Delhi and Mumbai, which will function through email-based procedures and conduct...
Revised Income Tax Return: every taxpayer (including belated ITR) is allowed to file the revised ITR under Section 139(5) if they made...