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ITR Alert: 5 High-Value Transactions May Come Under Scrutiny

There's been a lot of talk lately about how the Income Tax Department (ITD) tracks cashless transactions. Some folks think they can fly under the radar, but the truth is, the ITD has some pretty slick tools up its sleeve. It keeps a close eye on transactions that go above certain limits, whether you're swiping your card, using UPI, or even making cash deposits or withdrawals. Banks and financial institutions play their part too, reporting these transactions promptly to the tax office. ....

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Tax hike on international transactions to come into effect from Oct 1

New TCS rule: No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs 7 lakh per individual per annum ....

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Income Tax Return: Can you file ITR without Form 16? Here's what you need to know

Find out if filing ITR without Form 16 is possible or not.
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Income Tax Return guide: Forms, benefits and important steps to file in 2023-24

Filing Income Tax Return correctly is essential; ITR Forms available online.
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Income Tax on pension: Here's what you need to know before filing IT Return

Retirees receiving pension need to file ITR, here s how to do it.

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