Taxpayers must file the updated ITR (ITR-U) by March 31, 2024, for the AY 2021-22, which is for financial year 2021. ITR-U is defined...
You may receive a notice when there is a mismatch between disclosures in the ITR and information the department receives The department...
Navigating the complexities of tax-saving strategies requires diligence and awareness of available deductions and exemptions. Making informed decisions can significantly reduce tax...
The Ministry of Finance on Sunday said that the income tax department has received information on specific financial transactions undertaken by people...
Income Tax: The Income Tax Department in a circular has said that the taxpayers who are still waiting for their tax refunds of...
Income tax department says cases where the ITRs have not been filed and, the department is in possession of information of “specified...
Income tax is a charge levied by the central government on the earnings of an individual or business in a financial year....
The Central Board of Direct Taxes (CBDT) said in some ITRs filed for A.Y. 2021-22 (F.Y. 2020-21), a ‘mismatch’ has been identified,...
Every year, we as taxpayers need to timely file our income tax return (ITR), right? That is the time many of rush to...
At present, the information mismatches relating to financial years 2021-22 and 2022-23 have been displayed on the Compliance portal. The Income Tax...