Income Tax filing: The Income Tax (I-T) Department has issued a fresh notice on extension of deadline of ITR returns. The I-T department recently addressed misinformation circulating on social media platforms regarding the extension of the deadline for filing Income Tax Returns (ITR). It is to be noted that the deadline for the ITR filing … Read more
ITR filing 2024: The deadline for individuals to submit their Income Tax Returns (ITR) is July 31, 2024, unless an extension is granted by the government. It is essential to compile and organise pertinent documents such as salary or income records, bank statements, and previous tax returns in preparation for filing. The process of filing … Read more
New Tax rules 2023: The Government of India announced several new rules for the Income Tax in the Union Budget 2023. One of the significant announcements regarding personal taxation was the declaration of the New Income Tax Regime as the default tax regime. In her Budget speech for 2023-24, Union Finance Minister Nirmala Sitharaman said budget … Read more