The government clarified in the budget 2024 document that Section 194-IA of the Income Tax Act requires tax deduction on payments for...
On announcements regarding MSMEs, the Prime Minister said that it would provide a new path of progress for small traders and MSMEs....
Union Finance Minister Nirmala Sitharaman proposed some measures which will help the real estate industry as well as the building material industry. ...
An employer typically calculates their employees’ tax liability and deducts the desired tax amount during the relevant financial year. If the income...
Life Insurance Corporation of India (LIC) has asked stakeholders to update PAN, Bank Details by THIS date, failing which they will have...
Income Tax Return: July 2024 is a crucial month as the deadline to file the income returns falls this month. Besides this...
Experts say to ensure accurate reporting, it is recommended to delay filing the ITR until June 15. Tax deductions from the final...
The TDS deducted is credited to the payee’s income tax account and can be claimed against their final tax liability while filing...
Don’t Get Hit with Higher Taxes! Last Day to Link PAN with Aadhaar! Avoid Higher TDS by May 31st Read More: Fixed Deposit...
Income Tax Return (ITR) e-filing on Income Tax Portal: The income tax return (ITR) filing process for the financial year 2023-24 (assessment...