News

The Income Tax Department has set a deadline of April 30 for approving pending tax refunds.

Income Tax Department sets April 30 as deadline for approving pending Refunds

When purchasing a property for more than Rs. 50 lakh, the buyer is required to deduct TDS, which is normally 1% of the property's value, before paying any sellers.

19% TDS might have to be paid by Property buyer out of his own pocket for this PAN related issue

An error message was received by taxpayers completing Q4 TDS returns (Form 24Q) and claiming standard deduction under section 16(ia) for Section 115BAC cases.

Error in Salary TDS Return Form 24Q for FY 2023-24 to be Rectified Soon; says IT Dept

Articles

In April 2024, salaried employees will need to select their income tax regime in order for their employers to deduct taxes from their salaries.

Which Income Tax Regime to choose? Can Election result impact decision of salaried Employee

Salaried individuals must choose a tax regime for TDS (tax deducted at source) on salary when the financial year begins on April 1.

TDS on Salary: Choosing Old Tax Regime helps in quicker ITR processing and IT Refund Claims?

Income tax officers have been directed to investigate the top 30 cases of short payment in cases of tax deducted at source (TDS) by June 30 of this year.

Explore Our Blogs

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

Income Tax Department sets April 30 as deadline for approving pending Refunds

19% TDS might have to be paid by Property buyer out of his own pocket for this PAN related issue

Error in Salary TDS Return Form 24Q for FY 2023-24 to be Rectified Soon; says IT Dept

Which Income Tax Regime to choose? Can Election result impact decision of salaried Employee

TDS on Salary: Choosing Old Tax Regime helps in quicker ITR processing and IT Refund Claims?

CBDT directs Officers to detect top 30 TDS Shortfall Cases by 30th June