Income tax Return

Whether digital gift cards are Virtual Digital Assets ?

Whether digital gift cards are Virtual Digital Assets ? Meaning of Virtual Digital Asset : Definition of VDA: Section 2(47A)… Read More

1 year ago

Change in interpretation of Section 87A Post- July 5th 2024

The Section 87A Story : The Section 87A Mystery The changes in the interpretation of Section 87A, particularly regarding the… Read More

1 year ago

Why is Income Tax Dept On ITR Processing Slow This Year?

Why is Income Tax Dept On ITR Processing Slow This Year? Overall 25% Less ITRs have been processed so far.… Read More

1 year ago

Penalties for late or belated ITR filing for AY 2024-25

What is the Income tax Penalties for late or belated ITR filing for AY 2024-25? Taxpayer may please note there… Read More

1 year ago

High volume of ITR Filings on the deadline day FY 2023-24

High volume of Income Tax Return  filings on the deadline day FY 2023-24 High volume of Income Tax Return  filings… Read More

1 year ago

If you fail to file ITR before 31 July, Can face Consequence

If you fail to file ITR before 31 July, can result in consequences FY 2023-24 Missing the ITR filing deadline… Read More

1 year ago

Overview on Income Tax Scrutiny u/s 143(2) Notices

Overview on Income tax scrutiny under section 143(2) Notices When the Income Tax Department finds discrepancies, whether minor or major,… Read More

1 year ago

Mandatory ITR Filing regardless the Level of Income

Why you should file ITR even if your income is less than INR 2.5 Lakhs ? While it may not… Read More

1 year ago

How to Claim a Full Income Tax Refund

How to Claim a Full Income Tax Refund An income tax refund occurs when the tax paid by a taxpayer… Read More

1 year ago

ITR Filing, Audit Report Deadline for FY 2023-24(AY 2024-25)

Income Tax Return Filing & Audit Report Deadlines for FY 2023-24 (AY 2024-25) In order to ensure compliance with income… Read More

1 year ago
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