Income Tax Department
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Income Tax
Understanding What Is Annual Information Statement And Its Correction Procedures
According to the Income Tax Department, taxpayers regarding “mismatches” between the data entered in the Income Tax Return (ITR) and…
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Business
Income Tax Department Introduces TIN 2.0 for Instant Credits and Refunds
The income tax department implemented a Tax Information Network (TIN 2.0) to improve the taxpayer experience on the e-filing platform.…
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Business
Waiting For Income Tax Refund? Check Status Online With these Steps
When you pay more taxes than you actually owe, the Income Tax Department gives you a refund. This extra payment…
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Business
Mistake in ITR? Delete it With ‘Discard’ Feature Launched by IT Department
The Income Tax Department lets you easily cancel your filed but unverified income tax returns using the new ‘Discard ITR’…
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Business
Applying For A New PAN Card? Know the Applicable Fees and Charges
If you are applying for a new PAN Card and don’t know about its prices and charges, then look here.…
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Business
Received HRA Income Tax Notice? Know How to Respond and Precautions to Take
In India, HRA deduction tackles the House Rent Allowance (HRA) that employees can subtract from their taxable income. It’s legitimized…
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Business
Got Income Tax Notice for Mismatch in ITR? Here’s How to Deal With it
The Income Tax Department has sent notices to 22,000 taxpayers, which include high-net-worth individuals, salaried workers, and trusts. These notices…
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Business
Get Ready To Pay The Heavy Amounts If You Have Missed This Important Deadline!!
The payment date for the advance tax installment is September 15, 2023, and it can be paid both online and…
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Business
Warning! Income Tax India Says Your ITR Refund Will Not Be Credited Into These Bank Accounts
All the taxpayers are currently waiting for their income tax refund, which is pending to be credited into their bank…
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Business
ITR Refund Latest Update: CBDT Advises Taxpayers Refund Will Not Be Credited To Such Bank Accounts, Check Now
In a recent notification shared by the Income Tax Department via its official Twitter account @IncomeTaxIndia, taxpayers have been advised…
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Business
Section 80P: Have You Received Notices For Inaccurate Tax Deduction Claims? Know About What The Income Tax Authorities Have To Say!!
The Income Tax Department has explained that notices addressed to various income taxpayers for incorrectly claiming tax deductions under Section…
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Business
Income Tax Department’s Big Announcement For Salaried Employees, In-Hand Salary Will Increase From Today
In a significant development, the Income Tax Department has rolled out a new initiative that directly impacts the financial well-being…
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Business
September 2023 Tax Calendar: Keep Track of These Important Tax Due Dates
Tax planning is an integral part of financial management. This requires knowledge of the crucial dates for tax payments. A…
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Business
Income Tax Department Launches New and Improved Website For Enhanced Taxpayer Experience
In an effort to improve the taxpayer experience and connect with new technological trends, the Income Tax Department has launched…
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Business
Is Your Income Tax Return Delayed?? Know More Why You Haven’t Received Your ITR Refund Till Date
There might be various reasons why you haven’t received your Income Tax Refund (ITR). It is critical to analyze these…
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Business
New Update for PAN Card: These PAN Card Holders May Face a Fine of Rs 10,000, Check Your Status Now!
PAN Card Update: A PAN Card (Permanent Account Number) issued by the Income Tax Department in India is an indispensable…
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Business
Income Tax Department Alerts Public: Stay Cautious of Fraudulent Messages – Tips to Protect Against Tax Scam Risks
In a world where technology is all around us, it’s important to know what’s real and what’s not. The Income…
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Business
Fake Deductions and Rent Receipts in ITR Can Result in Heavy Fines
When claiming tax exemptions and deductions on an income tax return (ITR), one should use extreme caution. During the processing…
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