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CII has sought that capital gains tax from equity and debt mutual funds and other assets be made uniform to bring about simplicity and consistency.
The I-T deparment has also issued a warning for taxpayers who missed the July 31 deadline to file their ITRs for financial year 2022-23.
Missing the December 31 deadline for filing income tax returns (ITR) can have consequences such as penalties, interest on taxes owed, and a delay in receiving potential refunds.
A revised income tax return for the current assessment year can be filed till December 31, 2023. If you've made a mistake in filing your return, you c
Contrary to popular belief, the tax department allows taxpayers to revise their tax returns after receiving a tax notice