Income Tax Amendments for streamlining Assessment, Appeals, and Refunds applicable from 1 October 2024
The Finance Act (No. 2), 2024, has introduced significant amendments to the Income Tax Act, 1961, aimed at streamlining various …
Refund
ITR refund scam: Taxpayers warned by Income Tax department of this new scam
ITR refund scam: The Income Tax Department said that taxpayers must verify any communication from the IT department through official …
Filing Your ITR? Here Are 20 common ITR filing mistakes You Must Avoid
Filing your income tax return (ITR) can be a daunting task, but avoiding common mistakes can help ensure a smooth …
Pre-validate Your Bank Account on Income Tax E-Filing Portal to Receive Refunds: A Step-by-Step Guide
Income tax payers in India must Prevalidate their bank accounts on the Income Tax Department’s e-filing website to ensure they …
Fixed Deposit (FD) limit as per Income Tax & TDS Rules 2024
Fixed Deposits (FDs) are one of the most popular and secure investment options in India, offering guaranteed returns and capital …
CAG asks FinMin to put in place online Customs refund system for efficiency
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to consider having an online system for processing customs …
Automated IGST refunds on pan masala, tobacco to be restricted from Oct 1
Automated refund of Integrated GST (IGST) on export of pan masala, tobacco, and similar other items will be restricted from …
I-T dept Strict on Fake Deductions and Wrong Refunds: Official
Several taxpayers have claimed refunds of as high as 75 per cent to 90 per cent of the Tax Deducted …
How to maximise your income tax refund while filing your Income Tax Return?
The last date to file your Income Tax Return (ITR) for the financial year 2022-23 is 31st July 2023. If …
