Income tax planning becomes pivotal to achieve one’s financial goals, and while some find it monotonous, it is necessary to understand the nuances involved, along with the numerous prevailing tax-saving instruments. According to the data provided by the income tax department, for the Yea...
As the ITR deadline is near, taxpayers with overseas investments or accounts must comply with the disclosure rules under the Black Money (Undisclosed Foreign Income … Read more Categories Business Updates, Income Tax Tags How to Declare Foreign Assets in Income Tax Return Filing?, What Are ...
Individuals'income tax return (ITR)filing date has already been extended to September 30, 2021, from the previous deadline of July 31, 2021. Distinct kinds of Taxable Incomes in India Following is the list of different kinds of taxable incomes in India. Let’s check: 1. Pension or Salary ...
In any case, if you failed to file income tax returns on or before the deadline, you would be required to pay interest at the rate of 1% for each month, or part of a month, on the amount of unpaid tax according to section 234A. Carry Forward of Losses are not allowed If you fac...
Income Tax Bill 2025 brings major reforms, omits outdated income tax provisions & more! Published on:13-Feb-2025 Income Tax Bill 2025 Deadline for dematerialization of private company shares extended to June 30, 2025! Published on:13-Feb-2025 ...
Note on "ITR date extension":The Central Board of Direct Taxes (CBDT) extended the deadline for corporates to file their income tax returns for the Assessment Year (AY) 2024-25 from 31st October 2024 to15th November 2024.This extension follows a previous change by the government, which move...
Partnership Tax Return Filing All partnership firms registered and treated as separate legal entities must file annual income tax returns The deadline is given by October 31 in case of any international transaction it is on November 30 form ITR 5 has to be used for filing the taxes. Checklist...
Income-Tax Bill 2025 introduced in Lok Sabha 33 hours ago 1st phase of Budget Session has recorded 112% productivity: Lok Sabha Speaker Om Birla 33 hours ago Govt: More than 15.45 crore rural households have tap water supply under JJM ...
As the ITR deadline is near, taxpayers with overseas investments or accounts must comply with the disclosure rules under the Black Money (Undisclosed Foreign Income … Read more Categories Business Updates, Income Tax Tags How to Declare Foreign Assets in Income Tax Return Filing?, What Are ...
…banks were estimated to have received 14.97 trillion rupees (around $220 billion) by the December 30 deadline, or 97% of the 15.4 trillion rupees’ worth of currency demonetized. …These rates of deposits defied expectations that vast troves of undeclared wealth would not find their way back...