The CBDT finds that over 34.84 lakh audit reports had been filed on the e-filing portal for AY 2024-25 by 7 October 2024. Read More08th October 2024The CBDT has established an internal committee to examine the Income-tax Act thoroughly. Also, the department is seeking input from stakeholde...
The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last four years. These external alerts highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summ...
Assesses who are not required to get his Accounts Audit 31/07/2024 Revised Return/ Belated Return 31/12/2024 Updated Return (ITR-U) 31/03/2026Filing Income Tax Return Due Dates for FY 2023-24 (AY 2024-25)There is a different category of taxpayer viz. Individual, HUF, Firm, LLP, Comp...
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TheEarned Income Tax Credit (EITC)gives low- and moderate-income workers and families a tax break. The credit is $7,430 in 2023 and $7,830 in 2024. The amount of credit that a taxpayer receives depends on their income, filing status, and the number of children they have. For example...
September 14th, 2023 Features Two new features added to Pro Tax Labs Descriptive Audit Titles Within the Auditor Tool, simple descriptions have now been added to the “Issue” or “Warning” audit titles. Understandable Audit Messages Within the Auditor Tool, audit messages are simplified to improv...
333 Guidance that is received during a tax audit. 334 Change in legal practice. 335 Error in the interpretation of tax laws. Set up sales tax codes Set up sales tax codes by following the instructions in Sales tax codes for VAT reporting and Sales tax overview. Generate a sales ta...
333 Guidance that is received during a tax audit. 334 Change in legal practice. 335 Error in the interpretation of tax laws. Set up sales tax codes Set up sales tax codes by following the instructions in Sales tax codes for VAT reporting and Sales tax overview. Generate a sales tax ...
The deadline to submit your income tax return for 2024-25 has been extended to November 15, 2024, for audit cases. Read Circular The CBDT department has decided to replace the Excel and Java Versions of ITR Utilities with the JSON Utility for ITR-1 & ITR-4, which will be applicable fo...