ITR statistics FY 2023-24
ITR statistics FY 2023-24 e-filing Also Read – GST Officer New Way of Inspection ITR statistics FY 2023-24 ITR Wise receipt of e-Return ITR FY 2023-24 ITR1 3,60,10,806 ITR2 91,12,525 ITR3 1,33,44,407 ITR4 2,34,78,788 ITR5 …
Income Tax Return
Who needs to file ITR in India
Many people know that they must file an income tax return (ITR) if their taxable income exceeds the basic income tax exemption limit. However, income tax laws also require ITR filing in specific situations, even …
Income Tax Important Deduction
Taxpayers should use all available deductions and exemptions to reduce their tax liability. Examining the Income Tax Act is essential for comprehending the deductions and exemptions accessible to you while filing your Income Tax Return …
Fine and Penalties: Not filing Income Tax Return
Many people either fail to file their income tax returns (ITRs) on time or neglect to file them altogether due to lack of awareness or sheer lethargy. Some mistakenly believe that just because their employer …
Six New Income Tax Rules Effective from October 1, 2024
Six New Income Tax Rules Effective from October 1, 2024 Several important changes in the Indian tax system, as announced during the Union Budget 2024-25, take effect from today. Here are the six key updates …
How to raise Query on Income Tax Portal
You can follow these steps: to raise Query on Income Tax Portal
10 Common Mistakes Taxpayers Make When Filing Income Tax Returns
10 Common Mistakes Taxpayers Make When Filing Income Tax Returns
New Tax Regime vs Old Tax Regime
New Tax Regime vs Old Tax Regime Income Tax Return For A.Y.2024-25, NEW TAX REGIME is default regime for Individual, HUF, AOP (other than co-operative society), BOI and Artificial Juridical Person. If you want to …
Defective Return Under section 139 9
What is a Defective Return? Defective Return Under section 139 9 A defective return is one that has any significant information missing or incorrectly reported. In any of the aforementioned situations, the income tax department …
Hindu Undivided Family
what is Hindu Undivided Family? Hindu Undivided Family (HUF Separate Legal Entity with Separate PAN) Karta – Elder Male Member of Family Who Manage Everything Co- Parceners – Member of HUF can Demand Partition Member – Only …
