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The Gujarat High Court has allowed the benefit of concessional tax under Section 115BAA of the Income Tax Act, as Form No.10-IC could not be uploaded on the Income Tax Business Application (ITBA)...
Recently many individuals have received an income tax intimation notice asking them to explain why had they claimed higher amount of deduction than mentioned in Form 16 or Annual Information Statement (AIS). The income tax department has also said that if the explanations are not satisfactory, then a tax demand notice will be sent.
ITR verification last day 2023: Taxpayers must verify their ITR within 30 days of filing to avoid penalties. The income tax department aims to reduce processing time for tax refunds
E-verification of income tax returns is mandatory for them to be treated as valid, according to the income tax department. Tax filers can complete the process using Aadhaar OTP, internet banking, bank account, demat account, or digital signature certificate
Indirect Taxes Supreme Court No Service Tax Applicable on User Development Fee collected From Passengers by Delhi, Mumbai and Hyderabad International Airports: Supreme Court Case Title:...