ITR filing 2024: If you have submitted your income tax return (ITR) and verified it with the Income Tax Department, there is a chance that you have not received your tax refund yet. Numerous taxpayers have reported a delay in receiving their income tax refund, with some waiting up to six months. One must note … Read more
The clock is ticking for taxpayers. December 15, 2024, is the advance tax payment deadline for the financial year 2024-25. Salaried employees, freelancers, and businesses are expected to fulfill their obligations by this date to stay compliant with income tax regulations. But with the deadline landing on a Sunday, many are asking: what happens if … Read more
Income Tax Returns FY24: The Income Tax department has asked non-resident Indians (NRIs) to give sworn statements on the exact number of days spent in India, a report said on Tuesday. This comes after the department recently sent numerous advisories to NRIs asking them to verify high-value transactions made in 2022-23 and to address any … Read more
Income Tax Calendar 2024: The new year has started and the Income Tax department has already shared the tax calendar for this year. It is crucial to note the income tax-related deadlines to avoid paying fines and penalties. Usually, the last date to file the Income Tax Return (ITR) for FY 2023-24 (AY 2024-25) without … Read more
Further adding to the recovery signals, advance tax payment by companies has shown a massive 49 per cent growth to Rs 1,09,506 crore in the third quarter this fiscal, a CBDT source has said. The increase can primarily be attributed to the low-base last fiscal when the government had slashed corporation tax rates to a … Read more
Mumbai: Advance tax collections fell 25.5 per cent to Rs 1,59,057 crore in the second quarter of the fiscal, an income tax official said on Thursday. However, there was improvement over the first quarter ended June, when advance tax revenue had plunged 76 per cent to a tepid Rs 11,714 crore as the whole economy … Read more