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The App will provide an easy, hassle-free platform for payers of property tax during the pandemic.
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To provide relief to the taxpayers, The Central Board of Direct Taxes has provided relaxation in respect of various compliances
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The existing e-filing portal will not be available to taxpayers and department officers for a period of six days from June 1 to June 6
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These changes in the past 10 years have evoked varied reactions from taxpayers
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Both, the buyer and the seller have to bear the burden of taxes on an individual level
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For the past few months, Central Board of Direct Taxes officials have claimed that they have tried to complete refund payments as fast as possible to mitigate the hardships caused by the pandemic
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The legal heir is the deemed assessee, so if he/she chooses not to file the return, the I-T department will carry out proceedings the same way they would have done in case of the deceased if alive
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Investment planners point out to five avenues to get tax breaks that might leave you with the option of putting your money in non-guaranteed-return instrument which can get you higher returns
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COVID – 19 vaccines certainly do meet the criteria for an exemption. However, the same cannot be granted for various reasons.
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There has been a 9% growth in online ITR filing for FY21 with 7.38 crore users compared to 6.77 crore users in FY20. However, in the Assessment Year 2020-21, only 1,93,11,111 people filed ITR 1 online as compared to 1,97,78,729 people in Assessment Year 2019-20. This means that individuals having income below Rs 50 lakh […]