24 Nov Due date for filing Updated Income Tax Return (ITR-U) for Assessment Year 2021-22 announced
The Income Tax Department has issued a reminder for taxpayers about the due date for filing Updated Income Tax Return...
Income Tax Tag
26 May CBDT notified the persons exempted from the provisions related to ‘Angel Tax’
On May 24, 2023, the CBDT issued Notification No. 29/2023, which specifies the specific group or ...
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...
22 May Income Tax Dept. issued update on Aaykar Sampark Kendra
Starting from June 01, 2023, the Income Tax Department has announced that the Aaykar Sampark Kendra...
09 May Income tax evasion in India: A Comprehensive Guide to Avoid Penalties
Under the Income Tax Act, penalties are levied for various defaults committed by a taxpayer. Apart from penalty on defaults like not making payment of Self Assessment Tax, default in payment of taxes, default on furnishing return of income and others, Income Tax department also...
30 Jun Concept of telescoping and peak credit & Telescoping in Income Tax assessments
During the course of assessment of income, the AO may discover cash receipts in the books, or cash deposits in the bank...
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