Major Compliance Due Dates – October 2024 for GST, Income tax, MSME
The month of October 2024 has several important compliance deadlines across different tax and legal frameworks such as Income Tax, …
tax compliance
Tax Changes for Charitable Trusts from 1st October 2024
The Finance Minister, Nirmala Sitharaman, introduced significant changes for charitable trusts and institutions in the Finance (No. 2) Bill, 2024. …
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 …
Check your Bank – these Transactions are in the eyes of Income Tax Department | High-value transactions that may alert IT authorities
As digital footprints expand and data analytics improve, several types of transactions are coming under the Income Tax department’s radar. …
How fix errors in Annual Information Statement (AIS) to file ITR
As the deadline for filing Income Tax returns (ITR) approaches, some taxpayers are discovering discrepancies in their annual information …
New Circular 216/10/2024 for GST and ITC on Warranty and Extended Warranty Services
Clarification in respect of GST liability and input tax credit (ITC) availability in cases involving Warranty/Extended Warranty, in furtherance to …
Your ITR can be shortlisted for scrutiny – Know why?
The Income Tax department released guidelines earlier this month for selecting tax returns for scrutiny in the financial year 2024-25. …
What is ITR U, Who can file, How to file ITR U
The concept of Updated Income Tax Returns, commonly known as ITR-U, was introduced in the Union Budget 2022 to provide …
Missed the PAN-Aadhaar Linking Deadline? Your Guide to Income Tax Filing
As the deadline for filing income tax returns approaches, taxpayers who missed linking their PAN (Permanent Account Number) with Aadhaar …
Tax proof, income overview: Why is Form 16 need in financial planning
Click image to see Form 16 Form 16 is an important document in the process of filing income tax returns …
