Cash transactions are now under strict scrutiny by the Income Tax Department INCOME TAX / TaxConcept / February 10, 2024 / CASH TRANSACTION, Cash Transaction Limit, Cash transaction notice, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice property
How much cash money can you deposit in a savings account in a year to stay outside the taxman’s radar? INCOME TAX / TaxConcept / February 10, 2024 / Cash deposit in bank account limit, cash deposit in saving account, Cash Deposit Limit for a Savings Account as Per Income Tax Act, Cash Deposit Limit for a Savings Bank Account, Cash deposit limit in your Savings Account, cash deposit limit under incom tax act, Cash Withdrawal, cash withdrawals in a bank account in a year, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, Income Tax Return
Homebuyers Facing TDS Shortfall Notices After Property Purchases INCOME TAX / TaxConcept / February 8, 2024 / INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice on salary income, income tax notice property, Income Tax Return, TDS shortfall
Taxpayers have come under Radar of the income tax authorities to prevent leakage of taxes INCOME TAX / TaxConcept / February 6, 2024 / INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, income tax notice reasons, income tax notice scrutiny, Income Tax Return, Income tax return 2024-25
Govt sends targeted mails to 4.4 million taxpayers over large discrepancies INCOME TAX / TaxConcept / February 6, 2024 / Email Notice, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice on salary income, income tax notice property, Income Tax Return, Taxpayers mail notice
Income Tax Department big Update! TDS deducted, but not filed ITRs? You may soon get income tax notice INCOME TAX / TaxConcept / February 4, 2024 / INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice property, Income Tax Return
Income Tax Department to Send Notices to Non-Filers Despite Source Deductions INCOME TAX / TaxConcept / February 4, 2024 / INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, income tax notice reasons, Income tax notice Reply, income tax notice scrutiny, income tax notice top reasons
DFC directly contacts taxpayers, receiving Income Tax notice under Section 245 INCOME TAX / TaxConcept / February 4, 2024 / Belated Income Tax Returns, BELATED ITR, BIG BENEFITS of ITR FILLING, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, Income Tax notice under Section 245, Income Tax Return
Easing Tax Burden: Finance Minister’s New Direct Tax big Announcement INCOME TAX / TaxConcept / February 1, 2024 / BUDGET 2024, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, Income Tax Return
Notice under Section 142(1) of Income Tax Act is generally served to taxpayers in order to call upon certain documents and details or to particularly assess a case INCOME TAX / TaxConcept / January 29, 2024 / Authenticate income tax notice, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income Tax Act, Notice under Section 142(1), Section 142(1) of Income Tax Act
Income Tax Department takes cognizance of certain high-value transactions that could land you in the legal net if ignored INCOME TAX / TaxConcept / January 28, 2024 / INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on salary income, income tax notice property, income tax notice reasons, Income Tax Return
TDS Shortfall Income Tax Notices for Homebuyers in Property Purchases INCOME TAX / TaxConcept / January 26, 2024 / Documents required to reply to an Income Tax Notice, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, income tax notice reasons, Income tax notice Reply, income tax notice scrutiny, ncome Tax Notices for Property Purchases, tds income tax notice
Identification and Action on High-Risk Transactions Under Income Tax Act INCOME TAX / TaxConcept / January 22, 2024 / CASH TRANSACTION, high rish transaction tracked by pan number, High Risk Transactions, income tax cash transaction limit, Income tax notice, income tax notice avoid, non pan transaction, PAN CARD
Income Tax Scrutiny Assessment under Income Tax Act – Section 143(3) INCOME TAX / TaxConcept / January 21, 2024 / Assessment under section 143(3), Income Tax Assessment, Income Tax Assessments, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, income tax notice reasons, section 143(3)
How to Rectify a Notice Under Section 139(9) of the Income Tax Act; Income Tax Return is declared as ‘defective’ by the Assessing Officer (AO) INCOME TAX / TaxConcept / January 15, 2024 / Defective income tax return, Defective ITR, defective itr notice, Income Tax Act 1961, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, income tax notice under section 139(9), What is a defective ITR
Six income tax notices salaried individual can get INCOME TAX / TaxConcept / January 15, 2024 / cash, CASH TRANSACTION, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, Income Tax Return, Section 139(9): Defective ITR, Section 142: Inquiry before scrutiny assessment, Section 143 (1) notice: Intimation notice, Section 143 (2): Scrutiny assessment, Section 148: Income escaping assessment, section 245 income tax notice
Income Tax Demand Notice INCOME TAX / TaxConcept / January 13, 2024 / Income tax demand notice, INCOME TAX DEMAND NOTICE FAQ, INCOME TAX DEMAND NOTICE REPLY, Income tax notice, income tax notice avoid, income tax notice for misreporting income, Income Tax Portal, ITR DEMAND NOTICE, Respond to a Demand Notice, TAX DEMAND NOTICE
IT department issue notices for reassessments of the tax returns filed by the NRI account holders and order detailed scrutiny if the taxpayer does not respond by filing revised returns INCOME TAX / TaxConcept / January 9, 2024 / 26AS, Belated Income Tax Returns, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice on salary income, income tax notice property, Income Tax Return, nri income tax notice
Income tax department has become highly vigilant against cash transactions these days INCOME TAX / TaxConcept / January 8, 2024 / CASH TRANSACTION, Cash transaction notice, Cash-Transaction-limit-23-24, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice on salary income, income tax notice property, Income Tax Return
How much money can you deposit in a savings account in a year to stay outside the taxman’s radar? INCOME TAX / TaxConcept / January 7, 2024 / Cash deposit in bank account limit, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, Income Tax Return
Five Common Errors in Income Tax Returns that Can Lead to Notice Triggers INCOME TAX / TaxConcept / January 6, 2024 / AIS, annual information statement, Choose the right ITR form, Ensure accurate reporting of interest income, FILING INCOME TAX RETURN, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, Income Tax Return, itr mistakes, Multiple income sources then incoome tax notice, return filing errors
Revised ITR, CBDT Asks Reason from 30 Lakh Taxpayers via text messages and emails INCOME TAX / TaxConcept / January 6, 2024 / Avoid Income tax notice, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, income tax notice reasons, Income tax notice Reply, income tax notice scrutiny, Income Tax Return, income taxpayers, income taxpayers alerts via text messages and emails, revised itr reason
Supreme Court Grants Stay on Delhi High Court Judgement Regarding Income Tax Assessments and Document Identification Numbers (DIN) Income Tax Judgment / TaxConcept / January 5, 2024 / DELHI HIGH COURT, INCOME TAX, Income Tax Assessments, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice reasons, Income Tax Return, supreme court
Key Cash Transactions Closely Monitored by Income Tax Department INCOME TAX / TaxConcept / January 2, 2024 / BUSINESSES GST, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice on sala, income tax notice on salary income, income tax notice property, Income tax notice raid, Income Tax Return
Income Tax Department has sent alerts through text messages and emails to around 3 million salaried taxpayers INCOME TAX / TaxConcept / January 1, 2024 / Authenticate income tax notice, BUSINESSES GST, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice on salary income, income tax notice property, Income Tax Return, Income tax return mismatche notice, Notices sent to all taxpayers
ITR Filing Update: A big update come on the Old tax demand notice INCOME TAX / TaxConcept / December 26, 2023 / DFC help, INCOME TAX, income tax act, INCOME TAX DEPARTMENT, income tax department notices, Income tax notice, income tax notice avoid, income tax notice on salary income, income tax notice property, income tax old tax demand, Income Tax Return, IT department sends a 245 notice, old tax demand notice, section 245 income tax notice
Income Tax Notice: How to request for resending Intimation Order u/s 143 (1) INCOME TAX / TaxConcept / December 26, 2023 / CPC, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice on salary income, income tax notice property, income tax notice scrutiny, Income Tax Return, Intimation under section 143(1), Letter of Intimation u/s 143(1), Nature of adjustments under 143(1), PAN CARD, resending Intimation Order u/s 143 (1)
Got an income tax notice for an old incorrect tax demand? Call this new helpline of tax dept for free help INCOME TAX / TaxConcept / December 23, 2023 / helpline of income tax department, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice on salary income, Income Tax Return, Section 245 of the Income-tax Act
Income tax notices that a salaried individual may receive from the income tax department INCOME TAX / TaxConcept / December 20, 2023 / INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice hra, income tax notice on sala, income tax notice on salary income, income tax notice property, INCOME TAX RAID, Income Tax Return, Section 139(9): Defective ITR, Section 142: Inquiry before scrutiny assessment, Section 143 (1) notice: Intimation notice, Section 143 (2): Scrutiny assessment
Responding to Outstanding Tax Demands: Causes, Deadlines and Managing Income Tax Notices INCOME TAX / TaxConcept / December 17, 2023 / Deadline for responding to Outstanding demands, How to Submit Response to an Outstanding demand, How to check Outstanding demand through the Income Tax Portal, INCOME TAX, INCOME TAX DEPARTMENT, Income tax notice, income tax notice avoid, income tax notice for misreporting income, income tax notice on salary income, income tax notice reasons, Income Tax Return, raise outstanding demand
