# income
12 posts in `income` tag
Key Income Tax Rule Changes Unveiled by Finance Minister Nirmala Sitharaman in the 2024 Budget
Explore six noteworthy income tax updates, including changes to the tax regime and rebates, highlighted by Finance Minister Nirmala Sitharaman during the presentation of the Union Budget 2023.
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By Krishna
Tax Calendar 2024: Key Deadlines for Income Taxes in January, February, and March
You need to report the income earned between April 1, 2023, and March 31, 2024, during the fiscal year 2023–24. The filing of returns and declaration of investments for tax assessment occurs in the Assessment Year (AY), the reviewing year for FY 2023–2024.
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By Krishna
Income Tax Department Witnesses Increase In ITR Submissions For Assessment Year 2023-2024
The Income Tax Department has seen a significant increase in the filing of Income Tax Returns (ITRs), reaching a new record of 8.18 crore ITRs for the Assessment Year 2023-2024 by December 31, 2023.
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By Krishna
Filing Income Tax Returns Identifying Errors AIS
This statement is crucial for the tax department to validate the accuracy of the taxpayer's Income Tax Returns (ITR).
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By Krishna
Income Tax Return Update Specify Source of Cash
If you do not explicitly decline the option under section 115BAC (6) to opt out of the new tax regime in your ITR form, the new tax regime's rates and conditions will be applied.
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By Krishna
Income Tax Department Announcement ITR Form FY 2023-24 AY-2024-25
These changes will come into effect from April 1st, 2024. The notification also highlights the importance of checking Form 26AS before filing income tax returns. For complete details, please refer to the notification.
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By Krishna
Income Tax Raids Polycab India Mumbai 50 Locations
Polycab India Limited, the largest manufacturer of wires and cables in the country, operates through 23 manufacturing facilities, over 15 offices, and more than 25 warehouses across India.
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By Krishna
Home Cash Limits Income Tax Rules Unveiled Breakdown
Following Income Tax raids that uncovered a staggering Rs 351 crore in cash at the premises of Congress MP Dhiraj Prasad Sahu, the politician has addressed the issue.
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By Krishna
Income Tax Refund Interest Guidelines Calculation
In some instances, a taxpayer might receive a refund surpassing their eligible amount. According to Section 234D of the Income Tax Act, the IT department can reclaim this surplus, accompanied by interest.
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By Krishna
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Income Tax Department Latest Tax Information Network TIN-2
The new e-Pay tax payment platform TIN 2.0 serves as the official portal of the income tax department, aiming to offer taxpayers a streamlined access point for various income tax-related services, including tax payments.
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By Krishna
Home Cash Limits Income Tax Rules Breakdown
Following Income Tax raids that uncovered a staggering Rs 351 crore in cash at the premises of Congress MP Dhiraj Prasad Sahu, the politician has addressed the issue.
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By Krishna
Income Tax Returns FY-2022-2023 Deadline December 31-2023
The end of the year is so close and it’s better not to wait anymore, act now! Filing your income tax return (ITR) for the financial year 2022-2023 is crucial.
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By Krishna