New Income Tax Compliance & Reporting
New Income Tax Compliance & Reporting ITR-1 filling expansion if LTCG Reporting up to INR 1.25 Lakh : A significant procedural relaxation has been introduced by allowing limited Long-Term Capital Gains (LTCG) reporting in ITR-1. Practical Takeaway for taxpayer Focus is shifting from return filing to return validation, Advisory role is expanding, especially in Presumptive …