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Income Tax Return AY 2024-25 Filing: Which ITR Form Fits Your Salary?

Monika Shanmugam - 0
As the Income Tax Department rolls out its updated ITR forms for the assessment year 2024-25, taxpayers are gearing up for the filing season,...

New Relief for PAN-Aadhaar Linking: Income Tax Department’s Circular Decoded

Monika Shanmugam - 0
In a significant update, the Income Tax Department has extended the deadline for penalising non-deduction of double TDS, offering a lifeline to taxpayers grappling...

Unlocking Tax Savings: 6 Strategies for Maximising Deductions on Your Income Tax Return

Monika Shanmugam - 0
As the deadline for filing income tax returns (ITRs) approaches on July 31, 2024, taxpayers gearing up for the assessment year 2024-25 should be...

Deadline for Filing Income Tax Returns in 2024 to Avoid Penalties

Akash G Varadaraj - 0
Taxpayers across India are bracing themselves as the countdown to the Income Tax Returns (ITR) filing deadline ticks closer. With 31 July 2024, fast...

Income Tax Department Unveils Action Plan for FY25: TDS and Appeals in Focus

Monika Shanmugam - 0
The income tax department has rolled out an interim action plan for the fiscal year 2024-25, spotlighting crucial areas like identifying TDS short-payments and...

Income Tax Returns for FY24: CBDT Enables Filing, 23,000 ITRs Submitted Since April 1

Monika Shanmugam - 0
Taxpayers rejoice as the Central Board of Direct Taxes (CBDT) announces the commencement of Income Tax Return (ITR) filing for the Assessment Year 2024-25,...

Understanding the ‘Total TDS’ Message from the Income Tax Department

Monika Shanmugam - 0
For many salaried taxpayers, a recent message from the Income Tax department regarding Total Tax Deducted at Source (TDS) has sparked confusion. The SMS...

Income Tax Returns Made Easy: E-Filing Forms for FY 2023-24 Now Available

Monika Shanmugam - 0
The Income Tax Department has rolled out e-filing versions of ITR-1, ITR-2, and ITR-4 for the financial year 2023-24. Taxpayers can now initiate filing...

Finance Ministry Confirms: No Changes in Income Tax Regime from April 1

Monika Shanmugam - 0
The finance ministry assures individuals no new changes in the income tax regime for the current fiscal year. Taxpayers retain the option to opt...

200% Income Tax Penalty Looms if ITR-U Missed by March 31: Ensure You’re Covered

Monika Shanmugam - 0
The consequences of skipping Income Tax Return (ITR) filing can be dire, but there's still a chance to dodge prosecution and hefty fines. Here's...
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