Tag results for: assessment year in income tax
Income Tax big update! must file your income tax return by this date or else
You must file an income tax return if you work or operate a business. The Income Tax Department states that individuals having an annual income of Rs 3 lakh...
Income Tax payers should be aware! Department is going to check it
The procedure for submitting taxes has begun. Additionally, it has frequently been seen that persons receive notices from the Income Tax Department at the same time. The IT Department...
Keep this in mind while depositing 2000 rupees note in bank to avoid receiving an Income tax notice
Before putting any 2000 rupee notes in the bank, you should surely read this news if you have any as well. Before September 30, 2023, the RBI has requested...
High income tax will be charged if the age is below 60 in the old tax regime
There are now two different tax systems in place in the nation. The old tax system is one, while the new tax system is the other. People are free...
Don’t lie on your ITR about your income, otherwise you may get into trouble!
Fines are enforced by the Income Tax Act (ITR) for a variety of mistakes made by taxpayers. The Income Tax Department also applies penalties for underreporting and misreporting income...
Keep these forms in mind while ITR filling, mistake will be heavy
Every person whose income is taxable is required to file an ITR. People who file income tax returns must do so in accordance with the various income tax slabs....