News

The e-filing ITR portal for income tax is scheduled to be revamped with 'substantial' changes that would make it more user-friendly.

New ITR E-filing Portal 3.0 going to be launched soon; Tax Dept seeking Public Suggestions

The verification of 'high-risk' refund claims in income-tax returns for AY 2024-25 shall be carried out systematically, in accordance with a SOP.

IT Department Ordered Scrutiny on ‘High-Risk’ Income Tax Refund Claims

The income tax department has issued demand notices to several Gujarat taxpayers regarding their tax liability on short-term capital gains, mainly from stock market transactions.

Taxpayers receive Tax Demand Notices for Short Term Gains

Orders

CBDT has extended the Filing Date of Form No.10B/ 10BB to 10th November 2024 for AY 2023-2024. CBDT notified this via issuing an Order.

Income Tax Audit due date extended for AY 2023-2024 in certain cases

Articles

The Due Date for Depositing TDS/TCS for the month is 7th of next month. If you don't Deposit the same on the due date, Interest is Applicable.

Interest on failure to Deduct/Pay TDS/TCS

The deadline for specified TDS payments was October 7, 2024, and the Income Tax e-filing portal had been experiencing glitches since 11 AM in the morning.

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New ITR E-filing Portal 3.0 going to be launched soon; Tax Dept seeking Public Suggestions

IT Department Ordered Scrutiny on ‘High-Risk’ Income Tax Refund Claims

Taxpayers receive Tax Demand Notices for Short Term Gains

Income Tax Audit due date extended for AY 2023-2024 in certain cases

Interest on failure to Deduct/Pay TDS/TCS

TDS Payment Delayed Due to Income Tax Portal Glitches leaves Taxpayers Frustrated