Tag: income tax department
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New Relief for PAN-Aadhaar Linking: Income Tax Department’s Circular Decoded
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...
Income Tax Department Unveils Action Plan for FY25: TDS and Appeals in Focus
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...
CBDT Clarifies HRA Tax Claims: No Retrospective Reviews, Just Routine Check
CBDT dispels fears of HRA tax claims, assures only targeted checks. The Central Board of Direct Taxes (CBDT) debunked widespread speculation surrounding the reopening...
Understanding the ‘Total TDS’ Message from the Income Tax Department
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 Department Raises Red Flags on High-Value Transactions as Updated ITR Deadline Approaches
In a recent development, the Income Tax Department has initiated communication with numerous individuals concerning significant transactions observed during the financial year 2020-21. As...
