In a welcome relief to businesses and tax practitioners, the Central Board of Direct Taxes (CBDT) recently issued Circular No. 13/2024, announcing an extension of the income tax return (ITR) filing deadline for Assessment Year (AY) 2024-25. This decision comes amid growing concerns from corporate entities and auditors facing tight […]
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Recent Changes in Professional Tax Laws.
Professional tax is a state-level tax in India imposed on individuals earning income from various professions, trades, or employment. Each state in India has its own laws and regulations regarding professional tax. Staying updated with the latest changes in these laws is crucial for compliance and avoiding penalties. This guide […]
Continue readingHow to Check Your Income Tax Refund Status Online
An income tax refund refers to the reimbursement of surplus tax payments made by a taxpayer during a specific financial year. This refund is initiated by the tax authorities when the taxpayer’s actual tax liability is lower than the amount of taxes paid. The process for claiming this refund usually […]
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