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Crorepati income tax return filers soar 5 times in 10 years; check who has to file ITR
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Relief against income tax offences: New compounding guidelines issued by CBDT to help taxpayers in preventing prosecution
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New relief for income taxpayers: CBDT allows other person to claim TCS credit for tax paid on expenses like foreign travel, study abroad However, the TCS credit can given to another person only if the collectee has submitted the declaration
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GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check details
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New form to reduce TDS from salary: CBDT issues Form 12BAA to tell employer about other taxes paid by you The new form will help an employee to inform the employer about other taxes paid by you via TDS and TCS and consequently lower tax deducted from salary
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To clear all doubts on Vivad Se Vishwas Scheme 2024 Income Tax dept releases FAQ; Know how to get waiver of penalty and interest
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Have a query about the new GST amnesty scheme for waiver of interest and penalty? CBIC releases FAQ and clarifications
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New ITR e-filing portal 3.0 to be launched soon, intended to be more user friendly and fast; Tax dept seeks suggestions Faster ITR filing less time for income tax refund
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ITR refund or TDS credit claimed through common email or mobile comes under scrutiny; High risk tax refund cases to be investigated
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Tax savings tips: NPS, new tax regime can save nearly Rs 1 lakh tax for this Hyderabad professional Under Section 80CCD(2), up to 14% of the employees basic salary put in the pension scheme is tax-free. This limit is lower at 10% of the basic salary for those who opt for the old tax regime. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments