However, to offer reduction to senior citizens (whose age is 75 several years or more) also to lessen the compliance burden on them, the Finance Act, 2021 has inserted a new area 194P.
this is simply not the first time that difficulties connected to tax payments and e-filing portal have surfaced. In the previous years also, taxpayers confronted comparable issues though seeking to file tax returns just before ITR owing date.
1 crore or even more in one or more latest accounts with a bank. on the other hand, no this sort of need is specified for deposits manufactured inside the write-up Workplace current account; or
couldn't feel but truth. IT return submitted yesterday by 2pm. ITR processed and refund intimation been given currently morning that's in just 12hrs. many thanks @IncomeTaxIndia @nsitharamanoffc
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A presumptive cash flow plan less than sections 44AD, 44AE and 44ADA is when a person or an entity opts to derive its cash flow on a more info presumptive basis, i.
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ITR because of Date Extension AY 2024-twenty five: With ITR filing deadline approaching speedy, taxpayers have started off urging the government to extend the tax filing due date as They're going through specialized glitches to the e-filing portal.
“Accordingly, we do not foresee any probability of extension of because of dates for filing of first returns,” Agrawal included.
three) If your employer's contribution exceeding ?7.5 lakh inside a calendar year in the direction of NPS, superannuation fund and EPF, it will eventually taxable from the fingers of the employee. this transformation in cash flow tax rule are going to be relevant in both of those the outdated and new tax regime.
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The condition government of Bihar imposes a immediate tax on each profession. just about every salaried or self-used Qualified is liable to pay for Skilled tax in Bihar.
usually there are some specialized glitches during the revenue tax e-filing portal like continual buffering as a consequence of which there is issue in finishing the shape filling, the ICAI wrote.
possessing assets (such as monetary curiosity in almost any entity) exterior India, which includes signing authority in any account Positioned outdoors India