Income Tax Articles
Sugar Manufacturing Co-operatives may now get their old IT demands dropped by filing applications u/s 154 and 155(19)
The recent amendments in the Income Tax Act have provided much-needed relief to co-operative sugar factories operating in India by allowing deductions for sugarcane purchases made at or below the government-approved price. T
Be Cautious of Fake Income Tax Refund Messages: Protect Yourself from Scammers
As the Income Tax Return filing deadline for non-audit cases for the assessment year 2023-24 has passed, many taxpayers have begun receiving their refunds after their returns have been processed by the tax department.
Demystifying the Record-Breaking Surge in Income Tax Returns
Record-Breaking Surge in Income Tax Returns: A Comprehensive Guide to Checking and Understanding Your ITR Status Online
Your Complete Guide to Filing Belated Income Tax Returns: Important Dates, Penalties and Benefits
When you file a belated income tax return, you need to pay a late filing fee and penal interest on any taxes you owe. Here's what you need to know about filing a belated income tax return in simple English.
TDS Correction: How to revise TDS return
TDS returns are quarterly statements that every deductor is required to submit. These returns contain information about the tax deducted at source, the PAN numbers of the deductees, particulars of the tax collected, and details of the tax paid to the government, along with the TDS challan or receipt numbers.
Types of correction in TDS return
The TDS idea was introduced with the intention of collecting tax at the source of revenue itself. Tax filing is a time-consuming process that is subject to unavoidable mistakes.
Income Tax Refund: Eligibility, Reissue & Process
31 July 2023
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Income Tax Refund refers to the process of receiving money back from the government if the amount of taxes paid by an individual or organization is more than the taxes owed.
Last Date 31st July 2023 To File ITR
Income Tax Return (ITR) is a form used to declare an individual's or entity's income and taxes paid or owed to the government during a financial year.
File Income Tax Return Even if PAN is Inoperative - A Guide
According to the Income Tax Department, if you forgot to link your PAN with Aadhaar by June 30, 2023, you can still file your income tax return. The last date to file ITR for individuals not requiring audit for FY 2022-23 (AY 2023-24) is July 31, 2023.
Tax Benefits for Education: Exploring Credits and Deductions in India
IntroductionEducation unlocks potential and advances society in a changing world. The Indian government encourages investments in education, skill development, ...
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