Page 2 - Tax Market News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Tax market. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Tax Market Today - Breaking & Trending Today

What happens if you don't submit investment proofs within the deadline?

Employers can withhold higher amounts as income tax if proof of investment is not submitted
....

Yeeshu Sehgal , Neeraj Agarwala , Tax Deducted , Tax Market , Nangia Andersen India , Investment Proof , Tax Deducted At Source , Income Tax Return ,

Changes in new Income Tax Return (ITR) forms you should know about

ITR-1 is a simplified form for individuals with simple income structures, while ITR-4 (SUGAM) is specifically designed for individuals, HUFs, and firms (other than Limited Liability Partnerships). ....

Tarun Kumar , Yeeshu Sehgal , Liability Partnerships , Central Board , Direct Taxes , Assessment Year , Tax Market , Limited Liability Partnerships , Income Tax , Direct Tax Practice , Income Tax Return Itr Forms , Itr 1 , Itr 1 Sahaj , Itr 4 , Tr 4 Sugam , 1st Return , Income Tax Returns ,

ITR Forms FY 2023-24: Here's what's new in ITR-1 (Sahaj), ITR-4 (Sugam)

Most changes in the forms are minor, but since the new, minimal exemptions regime is the default one this time, you will have to specifically opt out of it if you wish to avail of tax benefits under section 80C, 80D, 80G, and so on. ....

Vivek Jalan , Yeeshu Sehgal , Chetan Chandak , Type Of Bank , Finance Act , Tax Market , Central Board , Direct Taxes , Income Tax , Tax Connect Advisory , Resident Not Ordinarily , Non Resident Indians , Taxable Total Income , Bank Account , Hindu Undivided Families , Itr Forms , Income Tax Forms , Old Tax Regime , New Tax Regime , Itr Filing ,

Not yet filed ITR for FY23? December 31 is your last chance to file belated income tax returns

If you miss the final deadline of December 31, a penalty can be imposed and interest levied ....

Yeeshu Sehgal , Sanjoli Maheshwari , Income Tax Returns , Income Tax Act , Executive Director , Nangia Andersen , Tax Market , Income Tax , Belated Itr ,

Tax assessment notices cannot be issued after three years, if the estimated concealment of income is below Rs 50 lakh

An income-tax notice cannot be issued if three years have passed since the end of the relevant assessment year. However, if there is evidence of concealment of income of at least Rs 50 lakh, a notice can be issued beyond three years but within 10 years of the end of the relevant assessment year. ....

Girish Kathpalia , Yeeshu Sehgal , Vivek Jalan , Ashish Agrawal , Rajiv Shakdher , Income Tax Department , High Court , Supreme Court , Under Section , Income Tax Act , Assessing Officer , Delhi High , Income Tax , Tax Connect Advisory , Tax Market , Finance Act , Tax Assessment Notices , Tax Assessment , Ncome Concealment , Section 148 , Mendment In Section 148 ,