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In most cases, ITR filed before 15 June will get a mismatch notice from the IT department due to incomplete data regarding TDS, statement of financial transactions, TCS, etc.
With the start of the new financial year, companies are reaching out to their employees to select the tax regime for 2024-25. This is an important decision because you can do it only once in a financial year. Once you make a choice, your income will be taxed as per the tax structure of that regime
Financial Literacy News: New Vs Old Tax Regime: Salaried taxpayers face a critical decision within 10 days on selecting their tax regime for the current financial year. The ch
Mismatches could occur if the taxpayer has not reported capital gains on certain stocks, interest income, property transactions
A tax treaty provides special benefits, but there are real-life challenges in implementation.