Some people take income tax planning very lightly. Such people also show haste in filling ITR. Due to this, they have to suffer big loss many times.
The Income Tax Department is sending notices to taxpayers. You might also get such notices? Under which sections IT Dept sends notices ? What should you do when you get a notice? How should you reply to such notices?
We will tell you entire process of checking your ITR refund status!
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
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.
Know the process of filing a deceased person's ITR in our episode of Taxing Times
If you do another job after one job or do some work yourself, then, you should definitely show this income in the income tax return. Failure to do so can result in heavy fines by the Income Tax Department.
Repurcissions you will have to face if you don't disclose in your ITR profit generated from cryptocurrencies!