News

The Income Tax Department of India has released the most recent versions of Excel-based utilities for submitting Income Tax Returns (ITR) for the financial year 2024-25.

Income Tax Dept. released Updated Excel-Based Utility for ITR-1, ITR-2, ITR-3 and ITR-4

Notifications

CBDT has notified that no TDS u/s 194Q if goods purchased from Unit of International Financial Services Centre. It is notified via issuing a notification.

No TDS u/s 194Q if Goods purchased from Unit of International Financial Services Centre

The Income Tax Department has released the guidelines to fill Foreign Source Income, Tax Relief, and Foreign Assets Schedule in the Income Tax Return.

Guidelines to fill Foreign Source Income, Tax Relief and Foreign Assets Schedule in ITR

In recent years, the Income Tax Department has begun processing income tax returns (ITRs) more promptly. However, a quick processing of ITRs created issues.

Received excess Income Tax Refund; Return it else you may get Tax Notice

Hero MotoCorp Limited said that it has received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the financial year 2019-20 (AY 2020-21).

Hero MotoCorp received Additional Income Tax Demand of Rs.26.4 Crore

The Income Tax Department announced good news for taxpayers who were entitled for the section 87A tax rebate for the FY 2023-24 but were unable to claim it.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax Dept. released Updated Excel-Based Utility for ITR-1, ITR-2, ITR-3 and ITR-4

No TDS u/s 194Q if Goods purchased from Unit of International Financial Services Centre

Guidelines to fill Foreign Source Income, Tax Relief and Foreign Assets Schedule in ITR

Received excess Income Tax Refund; Return it else you may get Tax Notice

Hero MotoCorp received Additional Income Tax Demand of Rs.26.4 Crore

Income Tax Department to correct ITR forms to allow eligible taxpayers to claim section 87A tax rebate for FY 2023-24