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Income-tax department can issue notices to taxpayers for several reasons. Always respond to these notices.
The buyer of the house needs to deduct tax when making a payment to the seller. The applicable rate of TDS is 1% of the transaction value.
We will tell you entire process of checking your ITR refund status!
Tax experts say that currently refunds are taking 7 to 15 days. The taxpayer should keep checking the status of refund from time to time.
Check refund status on www.incometax.gov.in
Or else you might not get income tax refund!
To show the existence an HUF entity, the Karta has to make an HUF deed. There will also have to be a separate PAN and bank account for HUF
If a person is not able to file income tax return by the prescribed deadline, then he can file belated return under section 139(4) up to three months before the end of the concerned assessment year
Know what options those people have who miss ITR filing deadline of July 31, 2023!
Fraudulent claim takers have been identified through software, now the Income Tax Department is sending notices to them.