Updated ITR filing deadline approaching! Some individuals receiving emails from income tax department; here’s why | Business

Updated ITR filing deadline approaching! Some individuals receiving emails from income tax department; here’s why | Business

Updated ITR deadline: As the deadline for updating Income Tax Returns (ITRs) for the fiscal year 2020-21 draws near, many individuals have recently received emails from the Income Tax Department regarding significant transactions flagged in their Annual Information Statement (AIS). Here’s what you need to know about these communications and how to address them: Who … Read more

Income Tax department scans financial dealings, tells assessees to pay advance tax

Income Tax department scans financial dealings, tells assessees to pay advance tax

NEW DELHI: A nudge to taxpayers to declare their “real” income will no longer be an annual affair. The income tax department is starting an e-campaign that aims to inform those with significant financial transactions in 2023-24, urging them to compute their advance tax liability correctly and deposit the due tax on or before March … Read more

Income Tax Department To Mount Advance Tax E-campaign For FY 2023-24

Income Tax Department To Mount Advance Tax E-campaign For FY 2023-24

Home Business Income Tax Department To Mount Advance Tax E-campaign For FY 2023-24 Through e-campaign, persons/entities carrying out significant financial transactions will be informed through email/SMS to urge them to compute and deposit their due advance tax on or before 15.03.2024. This is another initiative of the Department towards easing compliance for taxpayers. E-campaign: The … Read more