income-tax

Income Tax

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Income Tax

2024 Budget: Key Changes to Section 271H of Income-tax Act

The 2024 Budget amends Section 271H, reducing TDS/TCS penalty relief from one year to one month, effective April 1, 2025.

Income Tax

Understanding Marginal Relief and Surcharge Rates Explained

Learn about marginal relief on surcharge, its necessity, and how it helps taxpayers with incomes exceeding certain thresholds.

Income Tax

Navigating Tax Laws: Essential Insights for Individuals and Businesses

Understand tax laws to reduce liabilities, avoid legal issues, and make informed financial decisions. Stay updated and consult professionals for guidance.

Income Tax

Understanding ITR-U: Key Guidelines for Updated Return Filing

ITR-U allows taxpayers to file updated returns for 2019-20 and onwards. Key provisions, eligibility, fees, and verification methods are detailed.

Income Tax

Income Tax Department Intensifies Scrutiny of Real Estate Funding Sources

Income Tax Department intensifies scrutiny on real estate, targeting black money and ensuring compliance across various sectors to combat tax evasion.

Income Tax

CBI Arrests Principal Commissioner of Income Tax in Major Bribery Case

CBI arrests Principal Commissioner of Income Tax and four others in bribery case involving Rs. 10 lakh, with ongoing investigation and court appearance set.

Income Tax

Income Tax Deadline Extended: New Date for AY 2024-25 Returns

CBDT extends the deadline for belated or revised income tax returns for AY 2024-25 to January 15, 2025, providing taxpayers crucial relief.

Income Tax

Income Tax Department Uncovers Rs. 500 Crore in Tax Evasion in Ahmedabad Raid

Income Tax Department's search in Ahmedabad reveals unaccounted income, cash transactions, and substantial hidden assets totaling over Rs. 500 crore.

Income Tax

Key Amendments to the Indian Income Tax Act for A.Y. 2023-24

Discover key changes in the Indian Income Tax Act for A.Y. 2023-24, and effective strategies to reduce personal income tax liabilities.