19 Jun Significant Growth in LTCG and STCG in AY23
AY23 registered a substantial increase in both LTCG and STCG, reflecting favorable market trends....
income tax returns Tag
06 Apr Income Tax Returns Now Invalid if Not Verified Within 30 Days or by Due Date, Whichever Is Later
The CBDT issued Corrigendum dated April 04, 2024 to Notification No. 02 of 2024 dated March 31, 2024 regarding the Time limit for verification of return of income after uploading....
05 Mar Understanding ITR-U: Definition and Updates
ITR-U, or Updated Income Tax Return, is a form introduced by the government to allow taxpayers to rectify errors or omissions in their previous income tax returns. It can be filed within two years from the end of the relevant assessment year....
07 Dec CBDT relaxes timeframe prescribed for processing non-scrutiny Income Tax Returns for AY 2018-19 to 2020-21
The Central Board of Direct Taxes(CBDT) issued an order vide F. No.225/132/2023/ITA-II dated 1st of December, 2023 regarding processing of income tax returns validly filed...
26 May Important Guidelines and Procedure for Complete Scrutiny of Income Tax Returns during FY 2023-24
The CBDT has released Guidelines under F.No.225/66/2023/ITA-II dated May 24, 2023, outlining the mandatory process...