ITR filing in December: Belated, Revised income tax returns vs ITR-U - know the difference & details
A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...
Income Tax: 5 key points to consider before submitting proof of investments to your employer
Employees are supposed to submit proof of their investment before the end of the calendar year in order to claim exemption in ...
How footballers are impacted by UK tax regime amid end of domicile
The end of domicile within the UK tax system requires footballers and their advisers to rethink tried and tested tax planning ...
LaHood’s Tax Bill: Residence-Based Tax For Americans Abroad
Rep. LaHood's new bill aims to replace U.S. citizenship-based taxation with residence-based taxation, easing burdens for ...
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Deadline to file belated, revised ITR for FY23-24 ends on Dec 31: Key details
A belated return is filed under Section 139(4) of the Income Tax Act if the original deadline is missed. Taxpayers filing ...
Republic Business on MSN5d
Budget 2025 Expectations: Old Tax Regime To Permanently Go?
The Indian tax landscape is on the brink of transformation as Finance Minister Nirmala Sitharaman prepares to unveil Budget ...
Tax Guru1d
Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for AY 2015-16 is six year which expires on 31.03.2022. Accordingly, notice issued on 29.07.2022 u/s. 148 is ...
Income tax investment declaration: When you change job, this is what you should do
There are some taxpayers who don’t realise that the new employer must be told about the investment declaration made to the ...
Tax Guru5d
Reassessment Post-TOLA & Finance Act 2021: Union of India v. Rajeev Bansal
The Rajeev Bansal case highlights an ongoing evolution in India’s tax administration, especially in light of the pandemic-induced challenges and the introduction of the Finance Act, 2021. Several key ...
The Financial Express2d
EXPLAINER | What EPFO data says about fresh hirings
Through an amendment in Budget 2021, the government sought to discourage subscribers from investing more than Rs 2.5 lakh per ...
D Gukesh returns to India as multi-millionaire, but hefty 42% income tax on prize money awaits world chess champion
Gukesh Dommaraju, India’s chess champion, returned home after winning the 2024 FIDE World Championship. He will receive ...
Sun Star2d
Tax Notes: Incentives of Registered Business Enterprises under the Create More Act
Republic Act (RA) 12066, otherwise known as the CREATE MORE Act, took effect after its publication. This lawis issued to ...