15 Apr Taxpayers Get Choice in Valuing Startup Investments (Angel Tax)
The Delhi High Court ruled in favor of taxpayers, allowing them to select the method for valuing investments received from angel investors....
Taxpayer Information Tag
15 Apr Income Tax Department Cracks Down on Unfiled Returns: 1.52 Crore Individuals Targeted
The Income Tax Department is launching a campaign to target individuals who haven't filed their income tax returns (ITR) despite meeting filing requirements....
10 Apr High Court Advocates Direct Communication, Urges Tax Department to Inform Taxpayers Prior to Action
Certain demographics, including senior citizens, technologically hesitant individuals, Non-Resident Indians (NRIs), and those prone to forgetfulness, might be unaware of the Income Tax Department's actions against them....
09 Apr GSTN Issues Important Advisory Regarding Reset and Re-filing of GSTR-3B for Certain Taxpayers
The GSTN has released an important advisory, numbered 629 and dated April 9, 2024, regarding the reset and re-filing of GSTR-3B for specific taxpayers....
28 Mar Income Tax Dept. issued Updated TDS Rate Chart for FY 24-25/Ay 25-26
The Income Tax Department has published a revised TDS Rate Chart for the Financial Year 2024-25 (Assessment Year 2025-26). ...
19 Mar Key JSON Schemas for ITR-1 and ITR-4 Issued by Income Tax Department for Assessment Year 2024-25
The Income Tax Department has recently unveiled the JSON Schema for ITR-1 for the Assessment Year 2024-25, corresponding to the Financial Year 2023-24....