All posts tagged "taxpayer"
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16ITRITR 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...
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48ITRIncome Tax Department Gives Nod To Waive Or Reduce Interest Payable By Taxpayer
The Income Tax Department has given approval to the tax authorities to either waive or reduce the interest payable by the taxpayer...
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81FINANCEFCNR vs RFC: Tax benefits; Remove spouse from NRE deposit to avoid reassessment
The tax exemption on interest earned from FCNR deposits also applies to RFC deposits. I’m planning to return to India after working...
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135ITRCBDT’s Dispute Resolution Scheme: Know how you can approach e-DRC to resolve your tax disputes
Under this scheme, taxpayers meeting specific criteria outlined in section 245MA of the Act can electronically submit an application to the designated...
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254ITRIncome Tax Season: Din’t get ITR refund? Here’s what you can do if don’t get refund after filing your income tax return
Income Tax Refund means refund of additional tax collected by the Income Tax Department. This tax goes to the Income Tax Department...
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115ITR
What should you do if your Form 16 data doesn’t match your ITR prefilled form?
Where the tax has been deducted in accordance with provisions of section 192(1A), such certificate shall be provided in Form 16 by...
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83MUST KNOW
An NRI’s guide to maximising tax benefits
Foreign Tax Credit (FTC) is a mechanism employed by countries to alleviate double taxation arising from income earned in one country and...
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212ITR
Direct tax-GDP ratio rose to 15-year high in FY23, tax buoyancy dipped
As per CBDT, a taxpayer is a person who either has filed a return of income for the relevant assessment year (AY)...
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258ITRReceived this notice from IT department? Here’s what to do as taxpayer
The Income Tax Department has issued a clarification regarding misgivings amongst some people regarding notices sent by it pertaining to transactions made...
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321ITRMeet India’s highest taxpayer and it’s not Mukesh Ambani, Gautam Adani, Ratan Tata, Gautam Singhania or Dilip Shanghvi
The deadline to file Income Tax Return (ITR) for 2022-23 fiscal is set to end today (July 31). Income Tax Department on...
