Section 148 Income Tax Notice Deadline Approaches: What Taxpayers Need to Know by August 31, 2024
The last date for the tax department to issue an income tax notice is August 31, 2024, if the undisclosed …
income tax notice
ITR reassessment: check who can get tax notice under 148 by August 31, 2024
The deadline for reassessment of old Income Tax Returns (ITRs) is approaching. By August 31, individuals may receive notices under …
Income Tax Notices : Types, Reasons, and How to Respond
The income tax filing season is a busy time for taxpayers, but once it’s over, the possibility of receiving an …
Did you received Defective Return Notice u/s 139(9): Know How to Correct it
Income Tax Return filing is a one time exercise every year for all persons earning income above the basic exemption …
TDS Default Notices and PAN-Aadhaar Linking: Latest Update from CBDT
Recently CBDT issued Circular No. 6 Dated 23 April 2024 to give Relief for TDS/TCS Deductors on higher Deduction of …
Bombay High Court Rules Capital Gain Tax Not Payable on Transfer of Shares by Gift
The Bombay High Court has recently made a significant ruling regarding the taxation of shares transferred by way of gift. …
Did you Received IT Notice? First Check is this valid or not, Check notice issued is authentic or not
Many times Taxpayers received notices in the name of Income Tax Department. After Receiving it they do not check its …
Credit card, Cash : 6 high-value transactions can get you I-T notice
The due date for income tax return (ITR) filing for FY 2021-22 and the Assessment Year or AY 2022-23 is …
Hero MotoCorp gets demand notice of ₹605 crore from Income Tax Department
Hero MotoCorp—the world’s largest two-wheeler manufacturer—on Thursday said it has received a tax demand notice from the Income Tax Department …
Don’t Do Cash Transactions in 2024 – The IT Department Has Its Eyes on You
Transactions involving cash have long been a focus area for tax authorities due to the potential for tax evasion and …
