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The income-tax (I-T) department has recorded a surge in filing of Income-tax Returns (ITRs), resulting in a new record of 8.18 crore ITRs for the A.Y. 2023-2024 ....
The total number of audit reports and other forms filed during the period is 1.6 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of preceding year | Latest News India ....
Income Tax Return Filing Last Date: The Income Tax Department allows the submission of updated ITRs after the December 31 deadline, but additional taxes may apply for adjustments to income. ....
The deduction of 1% TDS is meant to be made at the time of credit of the amount of sale or service to the account of e-commerce participant. The confusion, however, arises when there is more than one e-commerce operators. The CBDT has released a circular to clarify doubts pertaining to this. ....