No tax rate reductions for old regime, clarifies Nirmala Sitharaman
The new regime features lower tax rates and an increased standard deduction of Rs 75,000. | File Photo Finance Minister …
taxpayers
Check your Refund status online using 2 Options
ITR refund: Tax refund usually takes four to five weeks to be deposited into your account. Taxpayers can check tax …
How to correct errors in income tax return using revised ITR, last date, new rules
The income tax department allows taxpayers an option of filing a revised Income Tax return (ITR), replacing the originally filed …
66% taxpayers opted for new ITR filing in current season: CBDT chairman
Last year, the figure of 4 crore ITR filings was crossed on July 25 but this time this number was …
Budget 2024: No indexation benefit for property sales| New LTCG rate fixed at 12.5% | New Capital Gain Tax Rates
In the 2024 budget, Finance Minister Nirmala Sitharaman announced that the indexation benefit for property sales would be removed. This …
ITR filing for FY2023-24: Authorised banks for tax payments available at e-Pay Tax service
For taxpayers, the new e-Pay Tax service allows e-Filing site to facilitate direct tax payment-related actions. These include- challan (CRN) …
ITR Filing for 2023-24: Key documents required for income tax returns
As the income tax return filing season has set in, these are the key documents which taxpayers should possess for …
CBIC notifies guidelines for GST investigation, prior approval for big Co’s
GST field officers will now have to seek the approval of their zonal principal chief commissioners to initiate an investigation …
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 …
Number of GST return filers up 65% to 11.3 mn in 5 years: Finance ministry
“Simplification in Rules and Procedure in GST has resulted in increase in return filing percentage by eligible taxpayers,” the ministry …
