Presently tax-payers can claim the annual value of self-occupied properties as nil only on the fulfillment of certain conditions. Considering the difficulties faced by taxpayers, government proposed to allow the benefit of two such self-occupied…
An amendment has been made to clarify the responsibilities of authorized dealers and overseas tour program package sellers under the Liberalised Remittance Scheme. Previously, they were required to collect income tax of twenty percent on…
CBDT extends the last date for furnishing Belated/ Revised return of income for AY 2024-25 in the case of Resident Individuals from 31st December, 2024 to 15th January, 2025. ✅Circular no. 21/2024 dated 31/12/2024 issued-
➡️The due date for the assessees referred to in clause (aa) of Explanation 2 to Sub Section (1) of Section 139 has been extended from 30th November, 2024, to 15th December, 2024.
The deadline to submit income tax audit reports on the e-filing portal is approaching. Taxpayers required to undergo a tax audit must upload their reports by September 30, 2024. Missing this deadline could lead to…
✅The due date for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 has been extended from October 31, 2024, to November 15, 2024. ✅Circular No. 13/2024 dated 26.10.2024 issued.
Many Partnership firms put this clause in their Partnership deed so that they can give salaries to their Partners as per the Income Tax Act. Now with the change by Finance Act 2024, the same…
So many Taxpayers who filed ITR before updation of ITR Utility have received Income Tax Demand Notices. Now ever since this issue came, there has been no word from department that why this Utility Change…