The Earnings Tax Division has despatched notices to 22,000 taxpayers, which embrace high-net-worth people, salaried staff, and trusts. These notices are relating to variations of their deductions in comparison with the data on their Kind 16 or Annual Data Assertion (AIS) for the evaluation yr 2023-24. IT Division…
Read MoreAll of the taxpayers are at the moment ready for his or her earnings tax refund, which is pending to be credited into their financial institution accounts. Nonetheless, at this level, if the quantity remains to be not acquired within the accounts, a taxpayer should test if the…
Read MoreThe Earnings Tax Division has defined that notices addressed to varied earnings taxpayers for incorrectly claiming tax deductions beneath Part 80 P have been delivered to them by mistake. In reply to a query posted on X (beforehand Twitter) by the taxpayer, chartered accountant Nirav Choksi, the tax…
Read MoreIn a major growth, the Earnings Tax Division has rolled out a brand new initiative that immediately impacts the monetary well-being of the salaried workforce, notably these residing in rent-free lodging supplied by their employers. Efficient from September 1, this new regulation goals to raise the take-home salaries…
Read MoreTax planning is an integral a part of monetary administration. This requires data of the essential dates for tax funds. A tax calendar assists taxpayers in remaining organized and in compliance with tax laws. The next are the tax deadlines for September 2023. Important Tax Dates for September…
Read MoreIn an effort to enhance the taxpayer expertise and join with new technological tendencies, the Revenue Tax Division has launched a brand new and improved web site. The brand new web site, in line with the Ministry of Finance, has a user-friendly format, in addition to value-added features…
Read MoreThere is perhaps numerous explanation why you haven’t obtained your Revenue Tax Refund (ITR). It’s crucial to investigate these alternate options with the intention to establish the supply of the delay and take appropriate motion. To start, maintain notice of any IT Division correspondence and reply shortly in…
Read MoreReady in your refund is stuffed with frustration. We’ve no clue when they’re precisely going to be credited. Typically, it takes greater than the relevant time for the refund processing to finish. Presently, the processing time benchmarked by the Govt is 16 days. Nonetheless, as per a report…
Read MoreIn a world the place know-how is throughout us, it’s vital to know what’s actual and what’s not. The Earnings Tax Division is right here that can assist you keep secure. They’ve seen some tough messages going round, pretending to be from them. However guess what? They’re not…
Read More💰 New Money Transaction Alert: Revenue Tax Division Holding a Shut Eye on Money Transactions These Days 🕵️♂️. In latest occasions, the Revenue Tax Division has considerably tightened its grip on money transactions, introducing stricter guidelines throughout varied funding platforms together with banks, mutual fund homes, and brokerages.…
Read More