Mysore/Mysuru: Timely tax payment by the tax-payers will help government implement various development projects and achieve the ambition of India becoming a 5 trillion dollar economy, said Kalpalata Rajan, Joint Commissioner of Income Tax (Range 1), Mysuru. Addressing the gathering during an interaction programme organised by Institute of Chartered Accountants of India (ICAI), Mysuru Branch,…
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: Any person who receives any income by way of Salary, Pension, Interest, Profession fee, etc., and those who have NOT filed their Income Tax Return for the FY 2022-23 (AY 2023-24) shall file on or before July 31, 2023 which is the due date. Under Section 234F, late filing of Income Tax Return attracts…
Two-day event begins; facilitation centre at ICAI Bhawan, Bank Employees Colony, Bogadi Mysore/Mysuru: The Mysuru branch of the Institute of Chartered Accountants of India (ICAI) hosted a two-day ‘Tax Clinic’ starting today from 11 am to 6 pm. This programme, organised by the Direct Tax Committee of ICAI, is supported by the Income Tax Department…
In the Union Budget 2022, the Central Government has introduced the new scheme which permits all tax-payers to file an “Updated Return” within 24 months from the end of the relevant assessment year. The new provision allows the tax-payers to update or file their Income Tax returns on payment of additional tax. It is issued…
Visit Income Tax Department portal www.incometax.gov.in Earlier, the Income Tax payers or the Income Tax Deductors (TDS)/Collectors (TCS) were paying taxes through NSDL portal. Now the Income Tax Department has come out with a new feature to pay Income Tax, TDS, TCS, etc., through its website https://www.incometax.gov.in under e-Pay Tax tab. All the tax-payers who…
Bengaluru: Revenue Minister R. Ashoka said that revenue documents such as Caste, Income, Pahani, Map and Mutation Certificates will be delivered to the doorsteps of farmers or owners for free starting from Mar.12. Announcing this at the Legislative Council during question hour yesterday, Ashoka said that the Revenue Department is collecting Rs.15 for issuing 4…
New Delhi: Income Tax officials arrived at actor Sonu Sood’s home in Mumbai this morning, after raids at his offices that ended late last night. Taxmen are investigating Sonu Sood’s property deal with a Lucknow-based Real Estate company. Officials searched six locations linked to the actor yesterday, including the office of his charity based at…
Writes to PM & Finance Minister Mysore/Mysuru: The Mysore City Pensioners Association, Siddarthanagar, has urged the Union Government to reduce Income Tax slab on dividends and interest on fixed deposits for senior retirees and pensioners. In a letter addressed to Prime Minister Narendra Modi, the copies of which have been sent to Union Home Minister…
Mysore/Mysuru: Due to Covid-19 pandemic, the due date for filing various returns under Income-Tax Act is as below. Those who have not complied shall do so before the due date. Nature of return Extended Due Date Filing of IT Return for FY 2018-19 (with late fee): 31-07-2020 Making of Tax Saving Investments For FY…
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