The implementation of e-appeals is a step towards a more efficient, accessible and accountable tax system.
With the coming of the new tax regime, individuals have to not only declare the investment but also have to select the tax regime.
As per the guidelines, tax officers will have to send a notice under section 143(2) of the I-T Act by June 30 to the assessee regarding discrepancies in income
Income Tax Rules: A recipient of a gift is required to pay tax if the aggregate of all the gifts received during one financial year exceeds fifty thousand rupees in a year.
CBDT has added that the income tax department will examine tax returns based on where the survey was undertaken or where the income tax notices were served under Sections 142 (1) and 148 in cases of tax evasion, search and seizure.
The changed tax treatment, which will be effective from April 1, 2023, could benefit 50% of personal income tax payers, who are salaried workers
A key concern of taxpayers has been around treatment of losses from the sale of crypto
Additionally, using the incorrect form may result in additional compliance requirements, such as providing clarifications or documents. Here’s what you should do.
How much rent can you receive without paying any taxes in India? Know how and when rental income up to Rs 10 lakh becomes tax-free under New Tax Regime.
Income Tax Return (ITR) filing online for Assessment Year 2023-24: Taxpayers can now file returns for AY 2023-24 through Income Tax Return (ITR) forms ITR-1 and ITR-4
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