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All eligible individuals are required to file their income tax returns in compliance with the regulations. The 2023-24 financial year has brought new modifications to the Income Tax Rules, which will be implemented from April 1, 2023. The new fiscal year (FY) 2023-24 begins on April 1, and the pronouncements made by Union Finance Minister […]
In a recent bid to avoid the double taxation issue, the Government of the Republic of India and the Government of the Peoples Republic of China have amended the Double Taxation Avoidance Agreement (DTAA) which will also prevent the fiscal evasion on taxes.
Now Income Tax Officers may be rewarded by the Central Government for settling all impending issues related to non-payment of direct taxes.
Income tax return documents generally include rent receipts, rental agreement, section 80C tax saving, and other related documents.
After successfully clearing all CA attempts, one thing comes in everyone mind either to start a practice or applying for the employment. Both of the options have some set of advantages and disadvantages.
According to a list of income-tax paying states released by the Central Board of Direct Taxation (CBDT), Maharashtra is the top income tax payer in the country.
The IT department said that to demand income tax exemption, online applications must be filed by hospitals, religious trust, educational institutions and charitable.
To curb the Black Money, the Income Tax Department has started doing investigations on illegal funds and properties stashed abroad by Indians. It has been done through anti-black money drive.
The local authorities who are under the law of the state will not get an exemption in income tax, said the Supreme Court. An order of the Rajasthan High Court was canceled by the Supreme Court as it ruled this decision.
