Tag: Income Tax

Outreach Programme on Income Tax held
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Outreach Programme on Income Tax held

September 11, 2024

Mysuru: A one-day outreach programme  by the Income Tax (I-T) Department, in association with Mysore Chamber of Commerce and Industry (MCCI), Institute of Chartered Accountants of India (ICAI), Mysuru Branch and Institute of Chartered Tax Practitioners of India (ICTPI), was held at a private hotel on B.N. Road here on Monday. Joint Commissioner of Income…

File Income Tax return before July 31
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File Income Tax return before July 31

June 18, 2024

Mysore/Mysuru: Any person who receives any income by way of Salary, Pension, Interest, Profession fee, etc., and who have NOT filed their Income Tax return for the FY 2023-24 (AY 2024-25) shall file on or before July 31, 2024 which is the due date. Under Section 234F, late filing of Income Tax returns attract a…

Income Tax Department calls for timely tax payment
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Income Tax Department calls for timely tax payment

March 14, 2024

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,…

Income Tax Act, 1961: A Comprehensive Overview
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Income Tax Act, 1961: A Comprehensive Overview

February 22, 2024

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…

File Income Tax Return  before July 31
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File Income Tax Return  before July 31

July 24, 2023

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…

Tax Clinic to help tax-payers to file IT returns
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Tax Clinic to help tax-payers to file IT returns

July 13, 2023

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…

Updated Income Tax Return
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Updated Income Tax Return

March 11, 2023

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…

New Income Tax Payment Scheme
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New Income Tax Payment Scheme

November 14, 2022

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…

Revenue documents to be door-delivered to farmers from Mar. 12
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Revenue documents to be door-delivered to farmers from Mar. 12

March 10, 2022

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…

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