Income Tax

Sushubh · Nov 14, 2023

Income Tax lens on Google, Amazon & Apple for likely Rs 5,000 crore demand

The nub of the matter is the methodology followed in TP adjustments, resulting in what the department views as possible tax liabilities. The issue pertains to various assessment years, and is currently at different stages of investigation and litigation at several forums.

economictimes.indiatimes.com

Sushubh · Nov 29, 2023

Explained: What is the new Discard Income Tax Return option? Benefits for taxpayers & all FAQs answered - Times of India

India Business News: What is Discard IT return option? As the name suggests, the new option allows an income tax payer to “discard” their IT return, instead of filing a re

timesofindia.indiatimes.com

🤷‍♀️

Tejas01 · Nov 29, 2023

And people are still wondering why is our tax system still complicated.

Sushubh · Dec 24, 2023

When filing ITR for the fiscal year 2023-24 (assessment year 2024-25), individuals will need to specifically select the old tax regime if they choose to opt for it. In the online ITR form, they will be required to 'opt-out' from the new tax regime, which has been made the default tax regime by Budget 2023.

ITR-1, ITR-4: New ITR forms for income tax return filing FY24 notified by CBDT - Times of India

India Business News: ITR-1, ITR-4 FY24: The Central Board of Direct Taxes (CBDT) has notified the income tax return (ITR) forms ITR-1 and ITR-4 for the fiscal year 2023-24

timesofindia.indiatimes.com

Sushubh · Mar 11, 2024

6 month jail term for Delhi woman for failing to file ITR on Rs2 crore income

A Delhi Court recently sentenced a woman, identified as Savitri, to six months in jail for failing to file an income tax return (ITR) on an income of Rs two crore for the financial year 2013-14.

www.moneylife.in

Income Tax

ITR file ho gayi? (2023)

Yes

No

🤷

Sushubh

Admin

Income Tax lens on Google, Amazon & Apple for likely Rs 5,000 crore demand

Sushubh

Admin

Explained: What is the new Discard Income Tax Return option? Benefits for taxpayers & all FAQs answered - Times of India

Tejas01

Dream big in life.

Sushubh

Admin

ITR-1, ITR-4: New ITR forms for income tax return filing FY24 notified by CBDT - Times of India

Sushubh

Admin

6 month jail term for Delhi woman for failing to file ITR on Rs2 crore income

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