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Top News In Income Tax India Today - Breaking & Trending Today

Inconsistencies in advance tax notices? Here's what you should do?

Under the income tax rules, specified institutions are required to furnish SFT to the I-T department with the details of certain financial transactions or any reportable account registered/recorded/maintained by them during the year. ....

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I-T dept flags financial reporting error after sending advance tax notices; asks tax-payers to wait for updates

The Income Tax department has clarified that due to a data reporting error by a yet-unnamed entity, taxpayers have received notices for paying higher advance tax for financial year 2023-24. The I-T department has now asked such taxpayers to wait for updated data. ....

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E-filing portal not available from Feb 3 to Feb 5 due to website maintenance: Income Tax dept

FM Nirmala Sitharaman on Thursday highlighted that in the last five years, the focus of the government has been to improve the services of the taxpayers using reforms like faceless assessment, updated income tax returns and new Form 26AS. ....

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Income Tax Payers Alert! e-Filing Portal To Be Down For THESE Days --Check Date, Timings

Taxpayer services on the e-filing portal will be restricted for three days starting tomorrow, the Income Tax department has said. ....

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Late ITR filling window closes on December 31: What happens if you miss deadline?

If you miss the December 31 deadline for belated ITRs, you can file updated ITRs. The Finance Act of 2022 introduced updated returns to extend timeframe to file the return of income. ....

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