A day after the Election Commission announced the schedule for Lok Sabha elections 2024, Congress leader Rahul Gandhi at the conclusion ceremony of the Bharat Jodo Nyay Yatra said that his party is and the entire opposition are fighting against a Shakti (power). Addressing the people at the conclusion ceremony of the Bharat Jodo Nyay …
The freeze reportedly stems from a tax demand of Rs 210 crore raised by the Income Tax department. New Delhi: The Congress today faced a temporary hurdle after the Income Tax department froze its main bank accounts, including those of the Youth Congress. However, the party swiftly challenged the move, and the Income Tax Appellate …
The AI-powered Android app Copilot from Microsoft is transforming personalized digital assistance Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: 291 Posts for Sportspersons in the Income Tax Department: Apply Now Fast-Track Insights: Indian Crypto Faces Damage from 1% TDS An Android software called …
India automobile major Maruti Suzuki on Tuesday received a draft assessment order from the Income Tax department for FY 2019-20 amounting to Rs 2,159 crore. In an exchange filing, the manufacturer said that “certain additions/disallowances amounting to Rs 21,597 million with respect to returned income (the income disclosed by the Company in its Income Tax …
Image Source : PEXELS A Woman Holding a tax document The Income Tax Department has recently introduced new regulations for calculating income from life insurance policies with yearly premiums exceeding Rs 5 lakh. These regulations, known as the Income Tax Amendment (Sixteenth Amendment) Rules, 2023, include rule 11UACA. New provision This provision pertains to the …
Image Source: PTI July’s income tax returns are 16.1% more than the total ITRs for Assessment Year 2022-23 The income tax department announced on Monday that a remarkable 6.77 crore income tax returns were filed for the Assessment Year 2023-24, with 53.67 lakh being first-time payers. In comparison, July’s income tax returns witnessed a 16.1% …
Published By: Nibandh Vinod Last Updated: July 23, 2023, 17:00 IST Income Tax Day is celebrated by a number of outreach programmes and events designed to promote tax payments. (Image: Shutterstock) Sir James Wilson implemented Income Tax in India on July 24, 1860. Check out history, significance and how to celebrate Income Tax Day 2023. …
Image Source : FILE PHOTO Representational picture for ITR Filling Every individual in the country must file their income tax returns (ITR) after each financial year. The deadline for filing ITR for Financial Year 2022–23 (FY 2023–24) is July 31, 2023, for individuals who do not require a tax audit. Making a wrong entry or …