Income tax notice and circular
WebApr 12, 2024 · For example, say an employee does not file a declaration with their employer ( and by default new tax regime is chosen) and later claims a gross deduction under 80C … WebApr 13, 2024 · Circular No. 04 of 2024. F. No.370142/06/2024-TPL. Sub: Clarification regarding deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961 – reg. Vide Finance Act, 2024, sub-section (1A) has been inserted in section 115BAC of the Income-tax Act, 1961 ( the Act) to provide for a new tax …
Income tax notice and circular
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WebApr 10, 2024 · By virtue of Revenue Memorandum Circular (RMC) No. 32-2024, taxpayers can now file their 2024 Annual Income Tax Return (AITR) on or before the deadline of April 17 and pay the corresponding taxes anywhere, meaning through any BIR-authorized banks or revenue collection officers, and BIR district offices other than the one where the taxpayer … WebApr 12, 2024 · The Central Board of Direct Taxes (CBDT) has issued a new notification regarding the new tax regime. If an employee fails to choose between the new and old tax regime, the employer will take the new income tax regime as default and subtract the tax deducted at source (TDS) under it. As per Finance Minister Nirmala Sitharaman, the new …
WebApr 15, 2024 · There are many cases where the taxpayers have received notices for reassessment U/s 148A. The cases in the current year range from donation to the political party, bogus purchase, increase in unsecured loans amount, increase in capital, return of loss being filed, etc. One may note that the procedure envisaged u/s 148A of the Act is … WebJan 21, 2024 · The due date of furnishing of Return of Income for the Assessment Year 2024-22, which was 31 st October 2024 under sub-section (1) of section 139 of the Act, as extended to 30 th November 2024 and 15 th February 2024 by Circular No.9/2024 dated 20.05.2024 and Circular No.17/2024 dated 09.09.2024 respectively, is hereby further …
WebAug 14, 2024 · Circular No. 19/2024-Income Tax Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated the 14th of August, 2024 Subject: Generation/Allotment/Quoting of Document Identification Number in Notice / Order / Summons / letter / correspondence issued by the Income-tax Department -reg. WebCircular to Banks and Financial Institutions – Deduction of Withholding Tax and Advance Income Tax - Circular No. SEC/2024/03 [19 May 2024] Circular on Guideline for Employees Trust Fund (ETF), all Provident Funds & all Employers - Circular No. …
WebCircular to Banks and Financial Institutions – Deduction of Withholding Tax and Advance Income Tax - Circular No. SEC/2024/03 [19 May 2024] Circular on Guideline for …
WebAug 14, 2024 · Further, in all pending assessment proceedings, where notices were issued manually, prior to issuance of this Circular, the income-tax authorities shall identify such cases and shall upload the notices in these cases on the Systems by 31 th October, 2024. 8. Hindi version to follow. ... Income Tax Notice and Order Communication process ... ionized proteinWebEmployer's Supplemental Tax Guide (Supplement to Circular E, Employer's Tax Guide, Publication 15) 2024 01/20/2024 Publ 15-B: Employer's Tax Guide to Fringe Benefits ... Publ 15-T: Federal Income Tax Withholding Methods 2024 12/21/2024 Publ 16: Statistics of Income Corporation Income Tax Returns 0622 06/29/2024 Publ 17: Your Federal Income … on the banks of the river weserWebApr 5, 2024 · Circular No. 24/2024 : Income-tax deduction from salaries during the Financial Year 2024-23 under section 192 of the Income-tax Act, 1961 7 December 2024 … on the banks of the river jordanWeb1 day ago · The tax liability on a taxable income of Rs 7.05 lakh would be only Rs 5,000, instead of Rs 25,500. This benefit breaks even on taxable income of Rs 7.27 lakhs. 9. Selection of Tax regime: The selection of tax regime depends on the quantum of income and deductions and allowances one can claim. There is no thumb rule applied to all. ionized radiation effectsWebMar 3, 2024 · With respect to your returns, there are two main documents. One is Form 16 which has all the details of your TDS or Tax Deducted at Source. The other is Form 26AS, which has all the information related to your taxes like refund, tax deducted etc. This document is issued by the IT department against your PAN. ionized pool filterWebCircular No. 2 / 12024 New Delhi, dated 28th December,2024 Subject: One-time relaxation for verification of all income tax-returns e-filed for the Assessment Year 2024-21 which are pending for verification and processing ... 2. In this regard, it has been brought to the notice of Central Board of Direct Taxes ('Board') that large number of ... on the banks of the wabash songWebtaxable under income tax act. ... Circular / clarification by the CBIC are not yet available which ... 0107-17-18 dated 29.09.2024, the Commissioner (Appeals) has held that no service tax is payable on notice pay recovery. The relevant para … on the banks of the scheldt