Now that you have filed your income tax return, remember to verify it because your return filing process is not complete unless you do so. The CBDT has reduced the time limit of ITR verification to 30 days (from 120 days) from the date of return submission. The new rule is applicable for the… Continue reading Don’t forget to verify your income tax return in August: Here’s the process
Tag: tax
Govt hikes windfall tax on petroleum crude, Nuh violence
Top Headlines: Welfare schemes in poll-bound states, Q1FY24 results, more Top headlines: G20 in J&K, RBI to meet PSB directors, $ at Rs 91 in Hawala Top headlines: Can Tesla sell a Rs 20L electric car, FTA with UAE, and more Top headlines: Jio Financial India’s most valued NBFC, turmeric prices soar Top headlines: IMF… Continue reading Govt hikes windfall tax on petroleum crude, Nuh violence
Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1
(Reuters) -The Indian government has hiked windfall tax on petroleum crude to 4,250 Indian rupees ($51.68) per tonne from 1,600 Indian rupees with effect from Aug. 1. A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday. The windfall… Continue reading Govt hikes windfall tax on petroleum crude to Rs 4,250 per tonne from Aug 1
Don’t agree with a tax notice? You should respond through I-T portal
Premium Representative Image (Photo: Shutterstock) In a sweeping move, the Income-Tax (I-T) Department has recently issued one lakh notices to individuals it believes have either concealed their income or furnished inaccurate details regarding their income. This campaign zeroes in on taxpayers who are allegedly involved in cases that date back four to six years.… Continue reading Don’t agree with a tax notice? You should respond through I-T portal
Here are some ways to file your income tax return
The last date for salaried individuals and non-audit cases to file income tax returns (ITR) for the financial year 2022-23 is July 31. Individuals who miss out on the deadline can still file their ITRs but will have to face some trouble. The ITRs filed after July 31 are called belated ITRs and individuals… Continue reading Here are some ways to file your income tax return
Co-op sugar mills may soon start wiping off Rs 10,000 cr tax liability
Decent upside in select sugar stocks as business prospects turn sweeter Direct tax buoyancy again falls sub-2% in 2022-23 Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high ISMA lowers 2022-23 sugar output and ethanol diversion estimates Sugar stocks in focus; Dhampur, Uttam Sugar hit 52-wk high; soar up to 14%… Continue reading Co-op sugar mills may soon start wiping off Rs 10,000 cr tax liability