A taxpayer can switch to the old income ... Tax Return (ITR), subject to certain conditions and procedural requirements laid down under the Income Tax Act, 1961. Under the dual tax regime structure ...

Proceeding u/s 143(3) of the Income T x Act, 1961 is r A.Y. 2021-22 by issuance of notice u/ s 143(2) of the Act. 3. Accordingly, notices u/ notice u/s 143(2) for AY 2021 income Tax Act, 1961. s 153C ...

This threshold should be standardized in a manner that focuses on high-income farmers, as suggested by various government reports. The tax slab could be ... Assessment Relating to Agricultural Income ...

Determine your estimated retirement corpus and monthly pension under the National Pension Scheme ...

Capital loss on share buybacks will be allowed if corresponding dividend income is disclosed as “Income from Other Sources,” effective from October 1, 2024. The threshold for reporting assets ...

the Income Tax Department has officially notified the Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26. These simplified forms are designed for individuals and entities ...

Critics are warning that UK pensioners are being ensnared in a stealth tax trap, compelled to surrender more of their retirement income to the Treasury. A lethal mix of stagnant tax thresholds and ...

Is It Possible to Switch Tax Regimes While Filing ITR? Yes. As per current income tax rules, salaried individuals are allowed to change their tax regime at the time of filing their returns.