Income Tax Return
15 PostsAn income tax return is a document that taxpayers file with the government to report their income, calculate and pay their taxes, and claim any applicable deductions, credits, and exemptions. The specific rules and requirements for filing a tax return vary depending on the jurisdiction and the individual's personal circumstances.
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ITR Filing Started on Income Tax Portal for fy 2022-23 ay 2023-24
The Income Tax Return filing for the Financial Year (FY) 2022-23 or Assessment Year (AY) 2023-24 has been made available on the Income Tax Portal. The commencement of the new financial year 2023-24 began on April 1, 2023. Taxpayers are required to file their income tax returns by July 31 for FY 2022-23.
Income Tax Rules on Income From House Property You Must Know
Income from house property is one of the major sources of income for many taxpayers in India. However, most taxpayers are not aware of the income tax rules related to income from house property, and as a result, they end up paying more tax than they should.
ITAT: Penalty Under Section 271(1)(c) Cannot be Imposed
The Delhi Income Tax Tribunal has ruled in the case of Sushila Goyal vs ITO that when an addition is made on an estimated basis.
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