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Understanding Income Tax Refunds: Everything You Need to Know When it comes to personal finances, the term “income tax refund” often brings a sense of relief and even excitement. But what exactly is an income tax refund, and how does it work? In this comprehensive article, we’ll dive deep into the concept of income tax […]

Can We File Income Tax Return After 31st July 2024? The deadline for filing Income Tax Returns (ITR) in India for individuals, typically set for July 31st, 2024, has always been a critical date for taxpayers. But what happens if you miss this deadline? Can you still file your ITR? Let’s explore the options available

Importance of Complying with Income Tax Notices and Understanding Basic Notices Receiving a notice from the Income Tax Department can be concerning, but it is important to address it promptly and accurately to avoid potential penalties and legal complications. Here’s why compliance is crucial and an overview of the common types of income tax notices

The Financial Ripple: Bollywood’s Decline and the Rise of Regional Cinema Continuing the discussion by respected expert film critic Mr. Sunil Kadel (@sumitkadeI -Social media “X”), let’s discuss the possible impact of Bollywood’s Decline and the Rise of Regional Cinema via Taxation and economic point of view. The Bollywood film industry, once the juggernaut of

Question 1: Self-assessment tax paid but not reflecting in prefilled details. Resolution: As per the normal process, it takes 3 to 4 days for different banks to provide information to the department. Post that, it gets prefilled in the Tax-returns/Pre-filled JSON. Taxpayer may opt to wait for required time-period for auto reflecting details of the

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