Income-tax (Fifth Amendment) Rules, 2024 for FORM ITR-V Income Tax Verification and Acknowledgement Form: IT Notification No. 37/2024 dated 27.03.2024 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th March, 2024 G.S.R. 233(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax…
Faceless tax assessment was introduced from April 1, 2021- Details of direct tax collection, benefits, and grievance redressal explained: Rajya Sabha QA GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 382 TO BE ANSWERED ON TUESDAY THE 06TH FEBRUARY, 2024/ 17 MAGHA, 1945 (SAKA) Faceless tax assessment 382. SHRI…
Income-tax (Amendment) Rules, 2024 – Revision of Form ITR-2, ITR-3 & ITR-5 for AY 2024-25 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st January, 2024 G.S.R. 83(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of…
Income-tax (Thirtieth Amendment) Rules, 2023 – Form ITR-1 SAHAJ for AY 2024-25: CBDT Notification No. 105/2023 dated 22.12.2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2023 G.S.R. 908(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act,…
Bank Account Validation Status for Refund – Income Tax Message dated 13.09.2023 Check Bank A/c validation Status For Refund. Has your bank merged with another bank? Has your bank branch changed? Has your bank account number changed? Has Your name in Bank Account changed? Has your bank account closed or become inactive? Has IFSC Code…
Wrong claims towards deductions/exemptions from Income Tax and excess claim of refunds: South Central Railway SOUTH CENTRAL RAILWAY VIJAYAWADA DIVISION Divisional Office, Personnel Branch, Vijayawada, No. SCR/B/P. APO/G/BZA/Conf/2023 Dt.: 17.07.2023. All Concerned Sub: Wrong claims towards deductions/exemptions from Income Tax and excess claim of refunds. Ref: Chief Commissioner of Income Tax/VJA’s Lr. No. Refunds/PCIT/VJA/2023-24, dt.14.07.23….
Income Tax Calculator – Old Regime vs New Regime as proposed by Finance Bill, 2023: Incometax India Finance Minister Nirmala Sitharaman has in Budget 2023 announced slew of changes in income tax slabs under the new tax regime. The key changes announced on February 1, 2023, are: Changes in the income tax slabs under the…
Alleged Harassment by Income Tax Authorities: Lok Sabha QA GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO. 56 TO BE ANSWERED ON MONDAY, 06th FEBRUARY, 2023/ MAGHA 17, 1944 (SAKA) ALLEGED HARASSMENT BY INCOME TAX AUTHORITIES 56. SHRIMATI MAHUA MOITRA: Will the Minister of FINANCE be pleased to state:…
Frequently Asked Questions (FAQs) on e-Verification Scheme 2021 Annexure – A Frequently Asked Questions (FAQs) on e-Verification Scheme 2021 Note: The FAQs on the e-Verification Scheme, 2021 (hereafter ‘FAQs’) aim to provide general guidance in understanding the procedures and processes of the e-Verification Scheme, 2021 issued vide Notification no. 137/2021 dated 13.12.2021. These are presented…
Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial Year 2020-21 (AY 2021-22): PCDA(O) Pune O/o PCDA(O), Golibar Maidan, Pune Subject: Income Tax Demand Notice under section 143(1) due to mismatch of Tax credit for the Financial Year 2020-21 (AY 2021-22). ********* Your kind attention is drawn where…
Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically: CBDT Notification No. 05 of 2022 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Systems **** New Delhi, dated : 29.07.2022 Subject:…
ABC of Tax – Lets learn the basics : Everything about e-filing made easier Dear Individual Taxpayer, As we continue making e-Filing easier, faster and taxpayer friendly for you, here’s an e-Filing brochure that’ll help you understand the basics of ITR e-Filing and its importance. In the pages inside, we’ve broken down the processes involved…