Mysore/Mysuru: The Income Tax Act provision allows the tax payers to update or file their Income Tax Returns on payment of additional tax. It is issued in the object of providing an opportunity for voluntary compliance by tax payers who have missed filing their Income Tax Return. The tax payer who has NOT filed their…
In 1961, India got itself a shiny new playbook for taxes, commonly known as – the Income Tax Act of 1961. This playbook acts like the superhero of the tax world, governing everything from how taxes are imposed, managed, and collected in India. Since then, this law has undergone numerous modifications to adapt to the…
Mysore/Mysuru: An awareness programme was held for senior citizens on optimising income tax relief recently where Chartered Accountant Keshav Dongre delineated various provisions of the Income Tax Act, urging attendees to stay informed. The talk was organised by the Elder Citizens Council in Jayalakshmipuram. Dongre advised seniors with annual incomes below Rs. 7 lakh to…
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