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Interim Budget 2024 could simplify ITR filing process for NRIs

NRI ITR filing: The income tax return filing for non-residents (NRI) is a painful process. This is because they are required to use ITR- to report for simple incomes such as interest income, dividends etc. However, resident individuals can use Simplified ITR-1 or Sahaj to report similar incomes. Union Budget 2024 in February should address this issue.

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Budget 2024 should allow past year s TDS credit to be claimed online, current method difficult: Industry

Various experts have varied views about Form-71 which is used by individual taxpayers to claim TDS credit if it was not deducted in the year when the income was generated. At present a duly filled up Form 71 is submitted online and then the AO checks the claim and either grants or rejects the TDS credit.

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Zydus Lifesciences falls after Rs 285-crore tax notice to subsidiary

The issues identified encompass the disallowance of claims for deduction under sections 80-IE and 80-JJAA of the Income Tax Act

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Stocks To Watch On 27 December: Adani Green, Zydus Lifesciences, Aditya Birla Capital, Others In News

Stocks To Watch On 27 December: Adani Green, Zydus Lifesciences, Aditya Birla Capital, Others In News
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Your queries: Income Tax | No Form 16? Apply to jurisdictional tax officer with pay slips

Your queries: Income Tax | No Form 16? Apply to jurisdictional tax officer with pay slips
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