# notification
12 posts in `notification` tag
Three Changes ITR Forms 1 & 4
In a surprising and welcome move, the CBDT, acting as an early Santa Claus this year, introduced changes to the ITR Forms 1 and 4 for the Assessment Year 2024-25.
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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
Capital Gains Tax on Property: Types & Tips For Tax Savings
Capital gains tax on property refers to the tax levied on the profit you make when you sell a property that has increased in value. It's essentially a share of the profit the government takes for allowing you to benefit from the appreciation of your asset.
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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
GST Registered Taxpayers Double Six Years Sitharaman
On Tuesday, the Lok Sabha passed an amendment Bill, aligning the Central Goods and Services Tax (CGST) Act, 2017, with the Tribunal Reforms Act, 2021.
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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
EPF Claim Denials Common Causes Prevention Strategies
The Employees’ Provident Fund Organisation (EPFO), which oversees EPF contributions, enables subscribers to make partial withdrawals or 'advances' from their provident fund savings in specific situations.
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By Krishna
Supreme Court Rejects GST Department Appeal High Court Ruling Input Tax Credit
The case revolves around the department's demand to reverse the Input Tax Credit (ITC) claimed by the company. This demand was based on the GST owed by its supplier not being reflected in the relevant form.
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By Krishna
Advance Tax Collection Direct Tax Record High
The surge in advance corporate tax is particularly noteworthy, with a growth rate of 21.11%, representing a significant increase from Rs 3.97 lakh crore last year to Rs 4.81 lakh crore in the current fiscal year.
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By Krishna
Budget 2024 Anticipations Tax Experts
Recognizing the potential for significant reforms in Budget 2024, we at Myitronline advise caution. We anticipate gradual changes to personal income tax brackets, reserving major adjustments for post-election periods.
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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