[ad_1] Chartered accountants have reported an increase in defective ncome tax return (ITR) notices this year. This surge highlights the importance of understanding what constitutes a defective notice and how to properly address it. Taxpayers may receive a defective return notice under Section 139(9) of the Income Tax Act if their income tax return (ITR) […]
Income tax officials are looking for wealthy Indians with properties in Switzerland and Portugal – CNBC TV18
[ad_1] As the government continues to combat black money and ensure transparency, it is increasingly becoming challenging for high net-worth individuals (HNIs) to maintain their wealth discreetly abroad. After having nailed down investments via cash held at Swiss accounts, the income tax department is now looking at tightening the noose around immovable assets held abroad […]
ITR filing: Types of income tax return notices and how to handle them – CNBC TV18
[ad_1] Filing your Income Tax Return (ITR) is not just another mundane task to cross off your list. It could also be a way to reclaim any excess taxes paid. With the deadline for the financial year 2023-24 having passed on July 31, 2024, many taxpayers are hoping for a smooth process. However, what follows […]
Govt to decide if gold bond scheme should continue; decision likely in September: Sources – CNBC TV18
[ad_1] The Narendra government is likely to discontinue the Sovereign Gold Bond (SGB) scheme, with a final decision expected in September, sources privy to the developments told CNBC-TV18. The decision on the scheme’s fate is expected to align with the Reserve Bank of India’s borrowing meeting scheduled for September 2024. The Sovereign Gold Bond scheme […]
Budget 2024: Tax clearance certificate must for residents leaving India – CNBC TV18
[ad_1] Starting October 1, residents of India will need a clearance certificate confirming compliance with the Black Money Act for leaving India. As per Section 230 of the Income-tax (I-T) Act, any individual residing in India must obtain a certificate from tax authorities before departure. The story will be updated with more details shortly [ad_2] […]