CBDT has extended the tax audit report due date to 7th October 2022.

On the last date of filing, taxpayers faced a lot of difficulty…

Income taxpayers cannot join Atal Pension Yojana (APY) scheme from 1st October 2022

The Finance Ministry amended the Atal Pension Yojana (APY) scheme to provide…

Issuance of bonus/ right shares by public company and loan settlement by banks will not attract TDS: CBDT

Section 194R was introduced with effect from 1st July 2022 to deduct…

Turnover calculation for option traders to determine tax audit u/s 44AB

Finally, some good news for options traders as the Institute of Chartered…

You may be under the radar of the Income Tax department for paying cash in hospitals

To prevent tax evasion, Income Tax officials have kept an eye on…

What are revised, belated, and updated Income Tax Returns?

The deadline to file your Income Tax Return (ITR) for AY 2022-23…

The government plans to establish a simplified tax system

Sources said that the finance ministry would soon review the exemption-free new…

ITR Verification time limit reduced from 120 days to 30 days

The time limit for verification of electronically filed Income Tax returns is…

Why filing a belated return is not a good choice?

Around 3.7 crore ITR returns for FY 2021-22 have been filed till…

6 reasons why you should file your income tax return (ITR) on time even if your yearly income is less than Rs. 2.5 lakh

Income Tax Return (ITR) filing deadline is just around the corner, i.e.…