If you’ve received a notice asking you to disclose foreign assets or correct your return, don’t worry. The Income Tax Department usually allows you to fix the mistake by filing a revised return or submitting correct…
Each year, many salaried individuals, freelancers, small business owners, and even senior citizens receive an income tax refund after filing their ITR. This refund is primarily due to excess TDS…
Starting April 22, 2025, the Income Tax Department has implemented a new tax compliance measure: 1% TCS (Tax Collected at Source) is now applicable on luxury goods priced above ₹10…
📚 Introduction:As the financial year 2024–25 progresses, businesses must keep one critical compliance date in mind: 📅 30th November 2025 — the last date to rectify, amend, or add entries…