ITR filing: The Income Tax return filing deadline is July 31, 2024. With the deadline just two weeks away, the rush to file ITRs has increased multifold. Many taxpayers have reported constant delays due to snags with the e-filing portal. Due to this, the Income Tax Department has started receiving requests from individual taxpayers and tax … Read more
ITR filing: The Income Tax Department has brought in some updates in the Annual Information Statement (AIS). As per the updated details, now AIS have to report the financial transactions in a given financial year. Banks have been asked to separately report total foreign exchange (forex) spends, including all transactions made using credit, debit, or … Read more
ITR filing 2024: Filing the Income Tax Return (ITR) is an important annual responsibility for taxpayers in India. It goes beyond legal requirements as fulfilling your tax obligations can offer various benefits. These include providing crucial proof of income that may be necessary for activities such as securing loans, applying for visas, or participating in … Read more