Speech of Nirmala Sitharaman (Finance Minister of India) Hon’ble Speaker, I present the Budget for 2023-24. This is the first Budget in Amrit Kaal. Introduction of Budget 2023-24 Resilience amidst multiple crises 4. Our focus on wide-ranging reforms and sound policies, implemented through Sabka Prayas resulting in Jan Bhagidari and targeted support to those…
Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as “Vivad se Vishwas Act”), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act. As per the latest notification dated 25th June 2021, the last date of payment of the amount (without any…
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There is good news for taxpayers. Now the taxpayers will not have to stand in the dock of questions. In fact, the IT Department notified three official email IDs for taxpayers to file complaints under the ‘Faceless’ or e-Assessment Scheme. Under the e-assessment scheme, there is no face-to-face between the taxpayer and the tax officer….
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The new website of Income Tax e-filing will start from today, more facilities have been given in this new website than before. It was closed for 6 days before launching the new website. Till now taxpayers were doing many other things including filling their tax returns on the old portal of Income Tax (incometaxindiaefiling.gov.in). The…
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There is a big relief news for those filing Income Tax Return. The government has extended the tax compliance and Income Tax Return deadline to May 31 for the financial year 2020, in view of the rising outbreak of the Corona epidemic. Taxpayers can also file Revised Return for FY 2020. Income Tax Return, Tax…
Read More “Last Date extended for filing TDS belated ITR filing” »
The Income Tax Department has made a big announcement about the direct tax dispute resolution scheme ‘Vivad se Vishwas‘. Now the government has extended the deadline for giving information under this scheme to 31 March and the time for payment till 30 April. The Income Tax Department has written on Twitter, ‘CBDT has extended the…
