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LPG price revisions, Aadhar card updates: 7 key changes coming into effect from Dec 1
3 weeks, 2 days ago

LPG price revisions, Aadhar card updates: 7 key changes coming into effect from Dec 1

Hindustan Times  

Several key rule changes are set to be implemented from December 1, which will affect daily finances for people in India, including revisions to LP prices, credit card changes, Aadhar card updates and more. Several key rules changes are set to be implemented in the last month of 2024, including upgrades for SBI credit card users LP price revision Oil …

Prices Price Card Itr Dec Sbi Trai
Income tax department advises taxpayers to carefully review their foreign income, assets in ITR
Trending News
1 month ago

Income tax department advises taxpayers to carefully review their foreign income, assets in ITR

Live Mint  

New Delhi, November 24 : The Central Board of Direct Taxes has advised all taxpayers to carefully review their foreign income and assets and report them accurately in their Income Tax Returns. Income Tax department in its special edition of 'Samvad' raised awareness on proper disclosure of foreign assets and income by taxpayers. The session aimed to raise awareness among …

Tax Indian Assets Report Itr Taxpayer Shukla
Cashing in on the bitcoin rally? Don’t forget your advance tax and reporting obligations
1 month, 1 week ago

Cashing in on the bitcoin rally? Don’t forget your advance tax and reporting obligations

Live Mint  

Bitcoin is in the news again, and its meteoric rise has set Indian traders abuzz, pushing the cryptocurrency to a record-breaking $89,828—up a remarkable 112% this year. With a 1% TDS deducted on sales of these virtual digital assets, transactions appear on Form 26AS, making unreported crypto income a potential tax pitfall. Gains from virtual digital assets must be included …

Indian Income Tax Pay Reported Mint Itr Gains
Ludhiana: Parents allege BCM School demanding IT returns for admissions
2 months, 3 weeks ago

Ludhiana: Parents allege BCM School demanding IT returns for admissions

Hindustan Times  

Parents seeking nursery admissions for their kids at BCM School, Sector 32, Chandigarh Road, alleged that the school is asking for their income tax returns as part of the documentation. BCM School, Sector 32, Chandigarh Road, Ludhiana, principal DP Guleria said the ITR request was optional. CBSE’s deputy co-ordinator for the city and Nankana Sahib Public School principal Harmeet Kaur …

School Cbse Itr Parent Bcm School
Filing Of Form-67 After Filing ITR But Before Issuance Of Intimation, Amounts To Due Compliance: Madras High Court Allows Foreign Tax Credit Claim
1 year, 1 month ago

Filing Of Form-67 After Filing ITR But Before Issuance Of Intimation, Amounts To Due Compliance: Madras High Court Allows Foreign Tax Credit Claim

Live Law  

The Madras High Court has allowed the Foreign Tax Credit claim on the grounds that filing Form-67 after filing the Income Tax Return but before the issuance of an intimation amounts to due compliance.The bench of Justice Krishnan Ramasamy has observed that the returns were filed without FTC; however, the same was filed before passing the final assessment order. The …

India Tax Credit Indian Income Kenya Department
ITR filing: Sending money outside India? Know the new income tax rule
1 year, 6 months ago

ITR filing: Sending money outside India? Know the new income tax rule

Live Mint  

Every overseas remittance made under the liberalised remittance scheme would be subject to a 20% tax collected at source starting 1 July 2023, with the exception of those sent for medical and educational expenses, for which a 5% TCS will be imposed after the threshold of ₹7 lakh is exceeded annually. Starting 1 July 2023, Tax Collected at Source on …

India 2023 Hdfc Bank Tcs Lrs Financial Year Itr Filing
One income tax form to rule them all: Centre’s proposal to simplify filing returns explained
2 years, 1 month ago

One income tax form to rule them all: Centre’s proposal to simplify filing returns explained

Firstpost  

According to the finance ministry, the proposed form will be user-friendly with income from digital assets listed under a separate head. The CBDT, under the finance ministry, said that ITR-1 and 4 would continue, but individuals would also have the option to file returns of income in the common ITR form. Sujit Bangar, Ex-IRS officer and founder of Taxbuddy.com told …

Income Digital Assets Returns Forms Cbdt Taxpayers Schedules
CBDT Notifies ITR-A Under Section 170A For Filing Modified Return Pursuant To Business Reorganisation
2 years, 3 months ago

CBDT Notifies ITR-A Under Section 170A For Filing Modified Return Pursuant To Business Reorganisation

Live Law  

The Central Board of Direct Taxes has notified Form ITR-A for filing the modified income tax return under Section 170A of Income Tax Act, 1961 pursuant to business reorganisation. As per the newly inserted Rule 12 AD, the modified return of income to be furnished by a successor entity to a business reorganisation, as referred to in Section 170A, shall …

Assessment Income Tax Rule Itr Return Modified Cbdt
Revised income tax return: Eligibility, deadline, other details you should know
2 years, 4 months ago

Revised income tax return: Eligibility, deadline, other details you should know

Live Mint  

ITR filing: Due date for unaudited income tax return filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. As per the revised income tax rules, a taxpayer can …

Tax Income Date Filing File Itr Return
Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do
2 years, 4 months ago

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do

News 18  

ITR Filing AY 2022-23: The due date to file income tax return has already passed on July 31, Sunday. according to the government rule under the Finance Act, taxpayers can file income tax returns after the due date. Those who have already filed their income tax returns are also eligible to file a revised return if there was a gap …

Tax Income Tax Income Filing File Itr Return
E-verify ITR within 30 days or else… Income Tax Department new rule in 10 points
2 years, 4 months ago

E-verify ITR within 30 days or else… Income Tax Department new rule in 10 points

Live Mint  

New Delhi: The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post filing of returns by taxpayers, from the current 120 days to 30 days, beginning August 1. 4) Till now, the time period to e-verify the ITR or send the ITR-V through post, after filing of an Income Tax Return, …

Income Tax Date 30 Days Itr Income Tax Department Income Tax Return Tax Return
Income Tax Return Rule Change: Taxpayers Need to e-Verify ITR Within 30 Days, Know Details
2 years, 4 months ago

Income Tax Return Rule Change: Taxpayers Need to e-Verify ITR Within 30 Days, Know Details

News 18  

ITR Filing Rule AY 2022-23: Now, taxpayers have to electronically verify or e-verify their income tax returns within 30 days of filing the return of income. For those taxpayers who have filed income tax returns before August 1, will get earlier time limit of 120 days to e-verify their ITR forms. The income tax department mentioned in the notification, “Where …

Tax Data Income Tax Income Date Filing 30 Days
ITR Filing Penalty, Bank of Baroda Cheque Rules, LPG Price: 5 Money Rule Changes from Today
2 years, 4 months ago

ITR Filing Penalty, Bank of Baroda Cheque Rules, LPG Price: 5 Money Rule Changes from Today

News 18  

Financial Changes from August: The new month has kicked in and from August 1, there will be a host of financial changes in financial matters. From Bank of Baroda positive pay system, Income Tax Return filing penalties, to LPG cylinder price drop, here are some of the money rule changes from August 1. Here are Five Key Financial Rule Changes …

Mumbai Tax Changes Pay Price Hdfc Itr
New Income Tax Rules from April 1: Cryptocurrency Tax, PF, Revised ITR Form, Key Changes
2 years, 8 months ago

New Income Tax Rules from April 1: Cryptocurrency Tax, PF, Revised ITR Form, Key Changes

News 18  

Even as the new financial year is starting from Friday, so are the new income tax and other rules. Updated ITR on Payment of Additional Tax In the Budget Speech, Sitharaman also announced to allow taxpayers to correct any discrepancy or omissions in their income tax returns within two years of filing these, from April 1. No ITR Needed for …

Financial Tax Budget Crypto Income Rules Senior Citizens
New income tax rules: Know major changes in ITR from April 1
2 years, 8 months ago

New income tax rules: Know major changes in ITR from April 1

India Today  

The Central Board of Direct Taxes will be introducing a slew of major changes to the income tax from April 1 under the Income-tax Rule 2021. While the crypto taxation to be introduced from April 1 has been the prime point of concern among many, the government has also incorporated some changes in filing of updated returns, new tax rules …

Income Covid Return Epf Major Changes Crypto Tax Received Digital
Income Tax Rule Change Budget 2022: You can Update ITR Within 2 Years, What it Means
2 years, 10 months ago

Income Tax Rule Change Budget 2022: You can Update ITR Within 2 Years, What it Means

News 18  

Budget 2022 has tightened the income tax filing norms for regular taxpayers. They can update their income tax returns within two years from the end of relevant assessment year by paying an additional tax. New ITR Rule: What Changes after Budget 2022 According to the current income tax laws, an individual taxpayer gets time till December 31 of relevant financial …

Tax Budget Income Filing 2022 Two Years Return
Income Tax Return Filing: Did Not File ITR by Due Date? Keep this Deadline in Mind
2 years, 11 months ago

Income Tax Return Filing: Did Not File ITR by Due Date? Keep this Deadline in Mind

News 18  

ITR Filing Last Date: The Income Tax Department has not extended the due date to file income tax returns, or ITR, for taxpayers in the country. However, according to the government rule under the Finance Act, taxpayers can file income tax returns after the due date. Nearly 5.89 crore income tax returns for the 2020-21 fiscal have been filed on …

Tax Income Tax Income Date Lakh Filed Filing