ITR: Summary of income tax return forms ITR 1 to ITR 7Income tax return: An income tax return is a document filed with the tax authorities that outlines an individual’s or…
Income tax: Close to 6 lakh IT returns filed within 30 days of portal’s openingIT returns: The Income Tax (I-T) Department has received as many as 6 lakh returns in the first month of…
Income Tax return (ITR) filing 2024: What is Form 16, issue date and Important.2024 ITR filing: After obtaining Form 16, salaried individuals can begin filing their income tax returns for the fiscal year…
GST collection hits record high at Rs 2.10 lakh crore in AprilGST Collection: The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh…
Rice millers seek waiver of GST on packed rice bagsRice millers have called for the waiver of 5% GST imposed on pre-packed and pre-labelled rice. The GST Council at…
Almost 50% population have PAN, gap between male & female closingAccording to the latest data from the Income Tax department, almost half of Indians have a Permanent Account Number (PAN).…
Income-tax return filing: Should you file your ITR in April or wait until July 31?Income-tax return filing: The income tax (I-T) department has enabled all utilities and notified all forms needed to file income…
How to link PAN with Aadhaar by May 31 to avoid Income Tax Notice?Link PAN with Aadhaar: In cases where PANs of the deductees/ collectees have been inoperative, the TDS is deducted at…
Deductors can collect TDS at normal rates if PAN is linked to Aadhaar by May 31TDS at normal rates:For those who haven’t linked their Permanent Account Number (PAN) with Aadhaar, the tax deducted at source…
I-Tax Department sets up control room for cash transactionsCash transactions: The Pune income tax department has set up a special control room for Pune and other districts of…