https://www.financialexpress.com/money/income-tax/why-i-am-not-getting-income-tax-refund-after-filing-itr-much-before-the-due-date-i-t-dept-replies/3207579/ Data suggests that some taxpayers may be facing delays in refunds as more than 2 crore returns are yet to be processed. Further, some
Category: Income Tax
👍👍👍👍👍👍👍Taxability of Gift received by an individual or HUF with FAQs
👍👍👍👍👍👍👍Profits and Gains from Business & Profession- Brief Study
👍👍👍👍👍👍👍Capital Gain – All you want to know
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👍👍👍👍👍👍👍Understanding Loss Set Off under the Income Tax Act
Nearly two-third income tax return filers have zero tax liability – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/nearly-two-third-income-tax-return-filers-have-zero-tax-liability/article67115831.ece Clipped from: https://www.thehindubusinessline.com/economy/nearly-two-third-income-tax-return-filers-have-zero-tax-liability/article67115831.ece Out of 7.40 crore returns filed in FY 2022-23, 5.16 crore returns or around 70 per cent were with zero tax liability
Faceless assessment of tax has gained traction – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/faceless-assessment-of-tax-has-gained-traction/article67112465.ece Clipped from: https://www.thehindubusinessline.com/opinion/faceless-assessment-of-tax-has-gained-traction/article67112465.ece The sheer speed with which the Faceless Assessment Scheme went from ground zero to full operationalisation demanded utilisation of tech and cross-functional
Income Tax Return: Here is what you should do if you receive a notice from the income tax department – BusinessToday
https://www.businesstoday.in/personal-finance/tax/story/income-tax-return-here-is-what-you-should-do-if-you-receive-a-notice-from-the-income-tax-department-391352-2023-07-26 Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-return-here-is-what-you-should-do-if-you-receive-a-notice-from-the-income-tax-department-391352-2023-07-26 You can receive a notice for a variety of reasons, ranging from non-filing to just a routine scrutiny Nowadays tax notices are
👍👍👍👍👍👍👍Presumptive Taxation Scheme Under Section 44ADA and Section 44AE
https://taxguru.in/income-tax/presumptive-taxation-scheme-section-44ada-section-44ae.html Clipped from: https://taxguru.in/income-tax/presumptive-taxation-scheme-section-44ada-section-44ae.html Presumptive Taxation Scheme Under Section 44ADA and Section 44AE of Income Tax Act 1961 1. Presumptive Taxation Scheme of Section 44ADA: A
👍👍👍👍👍👍👍Income Tax benefits available to Small Businessmen for AY 2023-24
https://taxguru.in/income-tax/list-income-tax-benefits-small-businessmen.html Clipped from: https://taxguru.in/income-tax/list-income-tax-benefits-small-businessmen.html 2.f List of benefits available to Small Businessmen* S.N. Particulars Section Benefits/Deductions allowed A. Presumptive Taxation Scheme 1. Computation of income from
👍👍👍👍👍👍👍Benefit to Non- Residents under Income Tax Act, 1961
https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html Clipped from: https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html Benefits available to Non- Residents [AY 2024-25] 1. Who is a Non-Resident? Section 2(30) defines non-resident as a person who is not a
100,000 tax notices to be disposed of by March: FM Nirmala Sitharaman
https://www.business-standard.com/economy/news/1-lakh-notices-for-past-years-will-be-cleared-by-march-2024-fm-sitharaman-123072400955_1.html Clipped from: https://www.business-standard.com/economy/news/1-lakh-notices-for-past-years-will-be-cleared-by-march-2024-fm-sitharaman-123072400955_1.html Notices served in past years for misreporting Finance Minister Nirmala Sitharaman Listen to This Article About 100,000 reassessment notices issued by the
👍👍👍👍👍👍👍Taxability of Gift received by an individual or HUF with FAQs
https://taxguru.in/income-tax/taxability-of-gift.html Clipped from: https://taxguru.in/income-tax/taxability-of-gift.html Gifts received by individuals or HUFs can be subject to tax under certain conditions. This comprehensive guide explores the tax implications of
Read: Your queries: Income Tax; Tax on capital gain is payable as per date of transfer
https://www.financialexpress.com/money/income-tax/your-queries-income-tax-tax-on-capital-gain-is-payable-as-per-date-of-transfer/3182163/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
👍👍👍👍👍👍👍Non-Mentioning of These 5 Incomes May Attract Income Tax Notice: Know the Details
Clipped from: https://www.taxscan.in/non-mentioning-of-these-5-incomes-may-attract-income-tax-notice-know-the-details/302024/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Non-Mentioning%20of%20These%205%20Incomes%20May%20Attract%20Income%20Tax%20Notice:%20Know%20the%20Details As the date for submitting Income Tax Returns (ITR) draws near, it is important to ensure that you submit your returns promptly. It is important