Category: Income Tax

Clipped from: https://taxguru.in/income-tax/annual-information-system-sft-transactions-shown-tax-payers-individuals-portal.html?utm_source=feedburner&utm_medium=email Annual Information System is Government New Experience   introduction replacing in future Form 26 AS. Form 26 AS is Xray of Tax payers and

Clipped from: https://economictimes.indiatimes.com/wealth/tax/didnt-file-your-itr-heres-what-you-can-expect-next/how-your-itr-may-be-invalid/slideshow/88900388.cms 1/6 ​Consequences of not filing ITR Whereas missing the ITR filing deadline can fetch you a penalty, not verifying it after filing can

Clipped from: https://www.financialexpress.com/money/income-tax/major-income-tax-provisions-applicable-from-current-financial-year-for-individual-taxpayers/2406395/ There are certain income tax provisions which have become applicable for the transactions carried out from the current financial year, which taxpayers should

Clipped from: https://www.business-standard.com/article/economy-policy/record-number-of-searches-in-fy22-as-tax-offences-get-money-laundering-tint-122011201498_1.html With three months still to go for the year to end, total ‘undisclosed income’ is about Rs 32,000 cr, far eclipsing the FY19

lipped from: https://economictimes.indiatimes.com/wealth/tax/6-incomes-that-your-annual-information-statement-shows-the-tax-department/ais-consolidated-tax-statement/slideshow/88756876.cms 3/7 ​Rental income This section includes rent received from various sources, including: If you have given your PAN to your tenant and your

Clipped from: https://www.business-standard.com/article/economy-policy/record-number-of-searches-in-fy22-as-tax-offences-get-money-laundering-tint-122011201498_1.html With three months still to go for the year to end, total ‘undisclosed income’ is about Rs 32,000 cr, far eclipsing the FY19

Clipped from: https://www.business-standard.com/article/pf/missed-december-31-deadline-you-can-file-belated-return-by-march-31-122011200581_1.html However, you may have to pay a penalty and won’t be able to carry forward most types of losses Taxpayers who have missed

Clipped from: https://www.business-standard.com/article/pf/physical-or-digital-choose-the-itr-verification-method-you-find-convenient-122011000975_1.html Your tax return will become invalid unless it is verified within 120 days Even if you have met the December 31 deadline for

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tds-on-rent-receivable/article38191622.ece I had rented out my shop in 2008. The tenant was deducting TDS from my rent and accordingly I was showing this in

Clipped from: https://economictimes.indiatimes.com/wealth/tax/missed-the-income-tax-return-filing-deadline-heres-what-you-can-do/articleshow/65631847.cms If you missed the deadline (i.e., December 31, 2021) to file your income tax return (ITR) for FY 2020-21, don’t worry, you can still file

Clipped from: https://www.thehindubusinessline.com/opinion/dont-discriminate-against-non-residents-on-the-tax-front/article38135519.ece The Income Tax Act, 1961 envisages tax on long term capital gains (LTCG) at a flat 20 per cent (other than those on

Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-penalty-these-taxpayers-dont-have-to-pay-late-fee-for-missing-deadline/articleshow/86029470.cmsSynopsis There are certain individuals who can file their ITR without paying a penalty even after the expiry of the deadline. Let us take