[ad_1] NEW DELHI: The income tax department will deny tax deducted at source (TDS) credit and flag your income tax return (ITR) if it detects any discrepancies between the TDS information reported in the ITR and the data provided by the TDS deductor. When a TDS deductor deducts the tax, they are required to file…
[ad_1] MUMBAI: Indians have been consistently among the top buyers of marquee properties overseas whether it’s in sunny California, tony parts of Dubai like Emirates Hills and Palm Jumeirah or mansions in London’s Mayfair. Now, even minors are investing in overseas properties along with their parents, with UAE being a favoured destination. To do this,…
[ad_1] If you’re one of the taxpayers eagerly waiting for your income tax refund but haven’t received it yet, there could be a specific reason behind this delay. The Income Tax Department has implemented a new measure to ensure that only eligible and verified taxpayers get their refunds. This measure requires certain taxpayers to confirm…
[ad_1] Income Tax Return (ITR) Filing FY 2023-24: The deadline for filing Income Tax Returns for FY 2023-24 was July 31, 2024. However, if you haven’t been able to file your ITR within the deadline, you can always file a belated ITR. It is important to note that you may face certain penalties or consequences…
[ad_1] Last Updated: August 01, 2024, 16:48 IST A Revised Income Tax Return (ITR) allows taxpayers to correct errors in their initially filed returns. The Income Tax Department allows for corrections through a process known as filing a revised return. The deadline for filing Income Tax Returns (ITR) has ended, with over 50 lakh returns…
[ad_1] ITR filing FY 2023-24: The Income Tax Return filing deadline for FY 2023-24 is approaching, and if as a salaried taxpayer you are still wondering about the correct ITR form to use for filing return this year, then we have you covered. Salaried taxpayers can often be confused on the right ITR form –…
[ad_1] Income Tax Return Filing FY 2023-24: For individual taxpayers whose accounts do not need auditing, the last date to file income tax returns (ITRs) for FY 2023–24 (AY 2024–25) is July 31, 2024. Missing this deadline means filing a belated ITR, which comes with penalties and interest. What is the penalty for belated ITR…
[ad_1] ITR refund status: It is crucial to file your Income Tax Return (ITR) for FY 2023-24 (Assessment Year 2024-25) by the deadline of July 31, 2024. Failing to file your ITR and neglecting to pay your income tax can result in serious consequences, including potential legal penalties and imprisonment in certain cases. If you’ve…
[ad_1] As the deadline for filing income tax returns (ITR) for the assessment year (AY) 2024-25 approaches, many taxpayers find themselves in a rush to complete their filings. Over 5 crore ITRs have already been filed. Income tax professionals advise tax filers not to wait for any deadline extension and must file ITR just now….
[ad_1] Income Tax Slabs FY 2023-24 rebate under new tax regime: Under the new tax regime, taxpayers with a net taxable income of up to Rs 7,00,000 are eligible for a rebate of up to Rs 25,000. Furthermore, individuals whose net taxable income surpasses Rs 7,00,000 can still avail marginal relief, provided that the additional…
