The income tax department on Tuesday said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement and income disclosed in ITRs for the financial years 2023-24 and 2021-22. In a statement, the Central Board of Direct Taxes said it has launched an electronic campaign to assist taxpayers …
Filing income tax returns is set to become even more convenient with a new initiative aimed at simplifying the process. ClearTax, a prominent online tax-filing platform, has introduced a WhatsApp-based ITR filing solution designed specifically for India's gig workers. This innovative service aims to streamline the tax filing process for more than 20 million gig workers across the country. This …
Muthoot FinCorp on Wednesday announced the launch of custom-made product ‘Vyapar Mitra Business Loans’. Traders, business owners and self-employed individuals can avail business loans based on their daily cash flow without any additional collateral, Muthoot FinCorp said in a press statement. The statement added that one can get business loans without Income Tax Return papers and no prior CIBIL score …
The Income Tax Department has launched the offline utility for taxpayers filing ITR - 1 and 4 for 2020-21 fiscal year. The offline utility is available on the e-filing portal and is based on new technology “JSON”, which is a light weight format for storing data. Since the facility to upload ITR at the e-filing portal is not yet enabled, …