NEW INCOME TAX NOTICES 2025 ! File your Updated Return for A.Y.2022-23 ! ITR U NOTICES AND PENALTY File your Updated Return for A.Y.2022-23 These notices, specifically regarding filing ITR-U (Updated Income Tax Return) for Assessment Year (A.Y.) 2022-23 and the statement that “there is no valid ITR existing for your PAN,” are issued by… Read More »
Tax Audit and Time Limits for completing a tax audit in New Income tax Act 2025 Tax Audit in New Income Tax Act 2025 : The Income-tax Bill, 2025 outlines specific time limits for completing a tax audit, which are connected to the financial year. The concept of a “tax year” is introduced in the new… Read More »
How to File Income Tax Returns in India 1. Determine the Appropriate ITR Form: Understand your income sources: Salary, business income, capital gains, rental income, etc. Select the correct ITR form: ITR-1 (Sahaj): For individuals with income from salary, pension, and other sources (with certain limits). ITR-2: For individuals and Hindu Undivided Families (HUFs) not… Read More »
2024 में घर पर कितना CASH रख सकते है ? CASH AT HOME LIMITS I INCOME TAX RULES CA SATBIR SINGH Cash at Home & Indian Taxes: What You Need to Know, Explaining Cash & Income Tax Notices in India, Is Keeping Cash at Home Taxable in India, Cash Holding limits, Cash at Home India,… Read More »
Cash Deposit in Bank- Take care of Income Tax Provisions of India As the Government has declared that currency notes of Rs. 500 and Rs. 1,000 denominations will not be valid from midnight of November 8, 2016, citizens will have to surrender the old notes at any branch of a bank or post office. Citizens… Read More »