https://www.financialexpress.com/money/income-tax-refund-delays-heres-why-your-refunds-are-stuck-and-how-long-income-tax-dept-can-legally-take-3579795/ Clipped from: https://www.financialexpress.com/money/income-tax-refund-delays-heres-why-your-refunds-are-stuck-and-how-long-income-tax-dept-can-legally-take-3579795/ Income Tax Refund Delays: The Income Tax Department did not extend the Income Tax Return (ITR) deadline for the Assessment Year 2024-25,
Category: Income Tax
👍ITR filing for FY 2023-24: When should you file rectification form? Check details – BusinessToday
https://www.businesstoday.in/personal-finance/tax/story/itr-filing-for-fy-2023-24-when-should-you-file-rectification-form-check-details-441055-2024-08-11 Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-for-fy-2023-24-when-should-you-file-rectification-form-check-details-441055-2024-08-11 One should note that a taxpayer cannot view the rectification request status offline. You will be required to log in to the
Your Ready Reckoner for Bond Taxation – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/your-ready-reckoner-for-bond-taxation/article68505343.ece Clipped from: https://www.thehindubusinessline.com/portfolio/your-ready-reckoner-for-bond-taxation/article68505343.ece Demystifying capital gain taxation on bonds The Budget in July had introduced several amendments to taxation. It’s been a couple of weeks
👍👍👍Give robust response to Section 148A notice to avoid reassessment | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/provide-robust-response-to-section-148a-notice-to-avoid-reassessment-124080901457_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/provide-robust-response-to-section-148a-notice-to-avoid-reassessment-124080901457_1.html Taxpayers should, in the first place, file accurate returns annually, declaring income from all sources Listen to This Article The Income-Tax (I-T)
States get nearly 3/4th of GST on health insurance, says Sitharaman – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/states-get-nearly-34th-of-gst-on-health-insurance-says-sitharaman/article68497550.ece Clipped from: https://www.thehindubusinessline.com/economy/states-get-nearly-34th-of-gst-on-health-insurance-says-sitharaman/article68497550.ece Flexible LTCG for realty, other amendments in Finance Bill approved by LS Finance Minister Nirmala Sitharaman on Wednesday said that States receive
LTCG tweaks will drive investment & boost sales, say industry experts | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/real-estate-industry-says-ltcg-tweaks-to-drive-investment-enhance-sales-124080701042_1.html Clipped from: https://www.business-standard.com/economy/news/real-estate-industry-says-ltcg-tweaks-to-drive-investment-enhance-sales-124080701042_1.html In Budget 2024, FM Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5% from
Tax misadventures – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/tax-misadventures/3573579/ Clipped from: https://www.financialexpress.com/opinion/tax-misadventures/3573579/ Retrospective GST demands on Infosys and others harm the govt’s efforts to build trust with taxpayers. Senior government functionaries repeatedly vow on
A piecemeal approach is anti-investment – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/a-piecemeal-approach-is-anti-investment/3574628/ Clipped from: https://www.financialexpress.com/opinion/a-piecemeal-approach-is-anti-investment/3574628/ The proposals for reforming the capital gains tax regime for financial instruments should be part of the comprehensive review of the Income
Tweaking LTCG norms for real estate on the cards – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/tweaking-on-ltcg-norms-for-real-estate-on-the-cards/article68493470.ece?cx_testId=28&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EX5KXF1FQK61&cx_experienceActionId=showRecommendationsJAFQ231JWQLJ9#cxrecs_s The Government is all set to tweak the Long Term Capital Gain Tax (LTCG) norms as announced in the Budget, by providing a
Relief for property owners? Indexation changes may apply prospectively – BusinessToday
https://www.businesstoday.in/personal-finance/tax/story/relief-for-property-owners-indexation-changes-may-apply-prospectively-440105-2024-08-05 Clipped from: https://www.businesstoday.in/personal-finance/tax/story/relief-for-property-owners-indexation-changes-may-apply-prospectively-440105-2024-08-05 Sources have told Business Today TV that the proposal is to apply the indexation change prospectively, starting from FY26 instead of the
👍👍👍What should you do when you get an income tax notice after ITR filing? – Money News | The Financial Express
https://www.financialexpress.com/money/what-should-you-do-when-you-get-an-income-tax-notice-after-itr-filing-3574446/ Clipped from: https://www.financialexpress.com/money/what-should-you-do-when-you-get-an-income-tax-notice-after-itr-filing-3574446/ The Income Tax Department has started sending notices to taxpayers through emails. Remember, tax notices can be triggered by various issues, such
👍👍👍👍👍Your queries: Income Tax | AIS now reflecting new income? File revised return – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-your-queries-income-tax-ais-now-reflecting-new-income-file-revised-return-3572551/ Clipped from: https://www.financialexpress.com/money/income-tax-your-queries-income-tax-ais-now-reflecting-new-income-file-revised-return-3572551/ It is advisable to file a revised income tax return (ITR) to include this income and pay any additional tax due. If
👍👍👍👍👍Surge in personal I-T collections – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/surge-in-personal-i-t-collections/article68442599.ece?utm_source=piano&utm_medium=email&utm_campaign=bl_opinion&pnespid=p7RhCSEbLf4A1KOdpDflSMOP4R20Vp58I7euw_I3v0RmzJk29EfpaQOrwx90lBgDKax.90AR Shifting of the dividend distribution tax from corporates to its recipients is the main reason for this spike In my earlier article (Chinks
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