All posts tagged "taxpayers"
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13ITRAttention taxpayers! Foreign income and assets must be disclosed before December 31: Report
Chairman of the Central Board of Direct Taxes Ravi Agarwal has said that taxpayers who haven’t disclosed their foreign income or assets...
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46ITRIncome tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The Income-Tax (I-T) department has today (November 17) launched a new campaign warning taxpayers of ₹10 lakh penalty if they fail to disclose foreign held...
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21ITRDisclose 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...
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30ITRITR Filing: Submitted tax audit on time but failed to file tax return? Here’s what to do now
Question: As an individual engaged in the cloth manufacturing business with a turnover exceeding the specified limit for getting the accounts audited,...
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52ITR
ITR filing deadline is November 15, 2024 for these taxpayers; file tax audit report before filing ITR
The deadline for filing the income tax return (ITR) for FY 2023-24 is November 15, 2024, for those taxpayers subject to an income tax...
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49ITRNew GST form: GSTN brings in new application process to settle tax demands
The new DRC-03A form allows taxpayers to efficiently allocate payments to specific orders, ultimately decreasing their total tax obligation. The Goods and...
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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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64ITRNumber of income tax payers with over ₹1 crore of taxable income rises five times in ten years
The number of taxpayers with more than ₹1 crore of taxable income rose by more than five times to just under 2.3 lakh...
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28ITRHow can taxpayers save tax after selling a residential house property?
Question: How can taxpayers save tax under the Income Tax Act after selling a residential house property? Answer given by CA (Dr.) Suresh Surana:...
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34ITRNew ITR E-Filing Portal 3.0 Launching Soon: Features, Improvements, And Other Key Details
New Delhi: The Income Tax Department is preparing to launch a revamped e-filing system, the ITR E-Filing Portal 3.0. The newly launched...
