All posts tagged "taxpayers"
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48ITRITR 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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89ITR
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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69ITRNew 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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80ITRAre 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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101ITRNumber 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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39ITRHow 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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60ITRNew 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...
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111ITRIncome Tax Offences: CBDT Issues New Compounding Rules to Shield Taxpayers from Prosecution
The IT department issued revised guidelines for compounding offences under the IT law by simplifying process and lowering charges. The income tax department on...
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115ITRNew ITR e-filing portal 3.0 to be launched soon, intended to be more user friendly and fast; Tax dept seeks suggestions
The e-filing ITR portal for income tax is about to undergo a revamp with ‘substantial’ changes that are more friendly for taxpayers. As per...
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99FINANCENew GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024
The Ministry of Finance notified has the rules and procedures to be followed if a GST-registered taxpayer wants to apply for the ‘conditional waiver...
