The office of the Principal Chief Commissioner of Income Tax, Ahmedabad has notified vacancies for the post of Income tax Inspector, Tax Assistant, and Multi-Tasking Staff. The application process will commence on October 1 and the last date for the submission of the application form is October 15. interested candidates can submit their application through […]
Category: INCOME TAX
Posted inINCOME TAX
Income Tax Portal Advisory: Check Bank Account validation Status For Refund
Check Bank A/c validation Status For Refund. Has your bank merged with another bank? Has your bank branch changed? Has your bank account number changed? Has Your name in Bank Account changed? Has your bank account closed or become inactive? Has IFSC Code of your bank account changed? IF YES…. You need to Update/ Revalidate […]
Posted inINCOME TAX
Tips for Tax Savings through Real Estate Investment
Sometimes, the income tax burden can prevent you from making maximum savings or investments in life. Hence, there are several tax-saving strategies you can adopt to keep your share of income. While there are several tax exemptions in the Income Tax Act, investing in real estate can be one of the most efficient methods of […]
Posted inINCOME TAX
5 notices related to income tax that salaried individuals can receive
Income Tax Return (ITR) for the financial year 2022-23, it is possible that you might have received an income tax intimation or notice at your doorstep for various reasons. Below are the kinds of notices under various sections of the Income Tax Act one can expect depending on the anomaly while filling out the ITR […]
Posted inBUSINESS, INCOME TAX
Is your income tax refund delayed? Check reasons and solutions for ITR refund delays
Income tax refund: The deadline for filing income tax returns was set for July 31, 2023, after which penalties are applicable. There’s a window for filing with penalties until December 31. Individuals with an annual income below Rs 5 lakh will face a fine of Rs 1,000, while those with higher incomes will incur a […]
Posted inBUSINESS
CBDT launches revamped National Website of the Income Tax Department www.incometaxindia.gov.in
In order to enhance taxpayer experience and keep pace with new technology, the Income Tax Department has revamped its National website www.incometaxindia.gov.in with a user-friendly interface, value-added features, and new modules. The newly revamped website was launched by Shri. Nitin Gupta, Chairman, Central Board of Direct Taxes (CBDT)), at the ‘Chintan Shivir’, organised by Directorate of Income […]
Posted inINCOME TAX
PAN Card Holders Alert: Income Tax Department can impose a fine of Rs 10,000 on these PAN card holders
PAN Card Holders Alert: Permanent Account Number ie PAN Card is an important document for all types of financial transactions. Pan is essential for almost everything, but carrying it with you can be a bit risky. There is a fear of losing it and at the same time, if someone gets hold of it, then […]
Posted inBUSINESS, INCOME TAX
Income Tax Department made a big announcement after July 31 regarding ITR
ITR: For companies and individuals who are required to get their accounts audited, the last date for filing income tax return for income earned in the financial year 2022-23 is 31 October. The Income Tax Department said that out of the total returns filed till July 31, electronically verified 3.44 crore ITRs i.e. 61 per […]
Posted inBUSINESS
CBDT issued New Order: Big Change..! In-hand salary of lakhs of employees will increase every month
Income Tax Department on Saturday gave huge relief to lakhs of salaried taxpayers (employees). The department has made some changes in the rules related to rent-free homes. These changes will be implemented soon and after their implementation, the in-hand i.e. take home salary of many salaried taxpayers will increase. CBDT issued notification According to a […]
Posted inINCOME TAX
Why Income Tax Refunds are Delayed and How Long it Takes to Get Them
The Delay in Income Tax Refunds: Reasons and Timeframes In recent weeks, several taxpayers across the country have been expressing their discontent with the delay in receiving their income tax refunds. Despite the deadline for filing Income Tax Returns (ITR) for Assessment Year 2023-24 being July 31, many individuals are still awaiting their refunds. So, […]