News

The Income Tax Department began a Search and Seizure operation against several Cooperative Banks in the state of Karnataka on March 31, 2023.

Income Tax Department Search and Seizure Operation in Karnataka

The cost Inflation Index of 348 for FY 2023-24 is provisional & the final number shall be notified in due course.

Cost Inflation Index of 348 provisional, final number to be notified soon: Clarifies CBDT

Articles

Standard Deduction for Salaried Taxpayer of Rs. 50000 is continued for Old Tax Regime and the same has been introduced in New Tax Regime

Brief comparison between New Tax Regime and Old Tax Regime; FY 2023-24 | AY 2024-25

We can infer that since Schema has been released, ITR utility maybe released anytime soon.

Income Tax Department releases JSON Schema for ITR-1 and ITR 4 for FY 2022-23 | AY 2023-24

Set-off and carry forward of Losses in Income Tax

Sources claim that these political parties take donations by check or RTGS and then reimburse the recipients with cash after deducting commissions that range from 1% to 6%.

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Income Tax Department Search and Seizure Operation in Karnataka

Cost Inflation Index of 348 provisional, final number to be notified soon: Clarifies CBDT

Brief comparison between New Tax Regime and Old Tax Regime; FY 2023-24 | AY 2024-25

Income Tax Department releases JSON Schema for ITR-1 and ITR 4 for FY 2022-23 | AY 2023-24

Set-off and carry forward of Losses in Income Tax

More than 3500 taxpayers get Income Tax notice for donation to bogus political parties