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Even those who have declared overseas assets in their Income Tax Returns (ITRs) have received notices due to a mismatch between the information available with the tax department and ITRs
In which we munch over the week's platter of news and views
A new disclosure has been added for 'Income from retirement benefit accounts'. Disclosure is required to be made about the taxable income on which relief under section 89A was claimed earlier
India Business News: NEW DELHI: The government on Wednesday announced crucial tweaks to the proposed changes in tax collected at source (TCS) on foreign transactions — inc.
The income tax return (ITR) forms has been released by the Central Board of Direct Taxes (CBDT). Though there are no major changes in the ITR forms this year, however, certain small changes have been made to incorporate the changes made in the income tax laws in the Budget 2022. Read on to know more about these changes.