income tax news

ITR Deadline Update: Over 5 crore ITRs for AY 2023-24 have already been filed till July 27 this year as compared to July 30 last year.ITR Deadline 2023 Update, Income Tax: The income tax department says it will continue to provide support…

The last date to file income tax returns (ITR) this year is July 31. If you are a Gen Z and filing your ITR for the first time, it would be a daunting process. But don't worry, we will provide you with everything you need to know about…

The I-T exemption has been given retrospectively from the financial year 2020-2021 (for the period from June 1, 2020 to March 31, 2021) and for fiscal year 2021-22, and 2022-23. The exemption will continue in the current fiscal and the…

The new regime, introduced in the Union Budget 2020-21, on the other hand, offers concessional ratesThe income tax calculator is available on the tax department's official website. Filing income tax can be a long and tiring…

…

Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over to the new tax regime in the next financial year itself."We have left it to the tax…

The Income Tax compliance norms have been evolving constantly over a period of time The Income Tax compliance norms have been evolving constantly over a period of time The Central Board of Direct Taxes recently notified the e-Dispute…

Income Tax Rules Change: April 1 marks the beginning of a new financial year, and this means that several rules in the finance front are usually changed during this period. This year is no exception too, as a set of new income tax rules…

In a good news to business owners, the Central Board of Direct Taxes, or CBDT, has given some extra time to businesses to file a key form that is required to avail lower corporate taxes without incentives in tax, which was offered to them…

<!-- -->Under the new rules, existing PF accounts are likely to be divided into two parts.New Delhi: The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly.…