Page 2 - Updated Return News Today

As per the provision, 25% of normal tax and interest will be charged for filing updated return from April 1, 2022 to March 31, 2023. For filing updated return from April 1, 2023 to March 31, 2024, tax will be up to 50% of normal tax and interest will be levied.

New Delhi: The Vice President, Shri M. Venkaiah Naidu today called for further simplifying the tax system to promote voluntary compliance and reduce litigation.Appreciating the government’s efforts to do away with complex and tedious processes, he ca

Vice President M Venkaiah Naidu on Friday said taxes needed to be collected to increase revenue but it must be done in a manner which is not arbitrary and unjust but transparent and user-friendly.

Finance minister Nirmala Sitaraman budgets for 25-year `Amrit Kaal

A major dampener for the taxpayers is the requirement for the additional tax liability of filing the 'updated return'.

Various stakeholder discussions will take place in the next few weeks, and one will have to see what transpires into the Finance Act, 2022.

Union Budget 2022 demonstrates the government’s clear intent to touch every aspect of the economy and to leave no stone unturned – be it digital economy push be it an infrastructure boost or be it the energy sector.

Though no announcement was made in the Income Tax bracket, the FM has made several other announcements that has a direct impact on the common man and the salaried class.

Union Budget 2022 Highlights On Income Tax The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART A India’s economic growth

Finance Minister Nirmala Sitharaman on Tuesday delivered the Budget 2022-23 with her shortest budget so far.