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Income Tax Return: Verify Your ITR Soon To Avoid Last Fee Up To Rs 5,000

Income Tax: ITR is required to be verified within 30 days of filing it, failing which will lead to the rejection of your ITR

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CBDT Launches User-Friendly Income Tax Website with Added Features; Check Updates Here

The Income Tax Department launched a new website on August 26, 2023, with a user-friendly interface and several new features. The website is available at incometaxindia.gov.in and includes access to direct tax laws, comparison of Acts, Sections, Rules, and Tax treaties, a mobile-responsive layout, a Mega Menu, a Taxpayer Services Module, and dynamic due date alerts.

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Income tax refund: Govt plans to reduce refund processing time

Income tax department plans to reduce tax refund processing time to 10 days from the current 16 days

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Income Tax Return: What Is Updated ITR & How To File It?

An updated return can be filed at any time within 24 months from the end of the relevant assessment year.

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BIG Relaxation! CBDT Relaxes Rules For Valuing Rent-Free Accommodation By Employer, Know How It Will Impact You

The new rules will provide a major relief to top management players or high salaried employees in corporate as their take home salary will increase.

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