My ITR Online Post Daily Latest News or Updates for Income Tax Filing.
Income Tax Portal Update: Department Facilitates Electronic Filing For Trust Registration & Deregistration
In the past month, the income generated from importing goods increased by 12%, while the earnings from domestic transactions (which include the import of services) grew by 11%.
The RBI has announced the withdrawal of Rs. 2000 notes from circulation & requested the public to submit the 2000 notes if they have them for exchange
The Institute issued the ICSI (Continuous Professional Education) Guidelines in 2019, which came into effect on April 1, 2020. These guidelines aim to help members maintain an optimal level of professional competence and uphold high quality and standards in the professional services they provide.
The Indian Income Tax Department has classified taxpayers into different categories based on their annual income, source of income, and other relevant factors. Each category has a specific form that must be used for filing income tax returns.
The June 2023 Tracker for Income Tax and GST Compliance provides a comprehensive overview of important deadlines and requirements for tax compliance in June 2023. It serves as a valuable resource for individuals and businesses, ensuring they stay on top of their income tax and Goods and Services Tax (GST) obligations.
Interest under sections 234A, 234B, and 234C are crucial provisions under the Indian Income Tax Act that deal with the imposition of interest charges for various non-compliance scenarios. These sections aim to ensure timely tax payments and compliance with tax regulations.
As per Notifications No. 11/2023 – Central Tax, 12/2023 Central Tax, and 13/2023 – Central Tax, all dated 24th May 2023, the government has granted an extension for the due date of filing GSTR-1, GSTR-3B, and GSTR-7 for the tax period of April 2023.
The government has recently implemented new regulations regarding post office schemes. As per the updated guidelines, individuals investing more than Rs 10 lakh in post office schemes are now required to provide documentation proving the source of funds.
