There’s been a surge in income tax notices. Here’s why, and how to respond.

There's been a surge in income tax notices. Here's why, and how to respond.

There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers.  This article delves deeper into the reasons behind the increase in … Read more

Income Tax: As ITR forms enabled to file returns, check here which form you would require

Income Tax: As ITR forms enabled to file returns, check here which form you would require

No sooner had the new financial year started than the income tax return (ITR) filing process commenced for FY 2024.      The income tax department (ITD) has already enabled all the return filing forms – ITR-1, ITR-2, ITR-4 and ITR-6 — for filing the returns at the e-filing portal.  The department has released the excel utility of … Read more