In response to the evolving complexities of tax regulations, both tax authorities and professional advisors are increasingly turning to Artificial Intelligence (AI) and advanced data analytics. These technologies are revolutionizing tax compliance processes, offering unprecedented insights and efficiencies across various
The landscape of income tax filing in India has seen significant changes with the advent of the Assessment Year (AY) 2024-25. The introduction of the new tax regime as the default option under Section 115BAC has raised several questions among taxpayers. To navigate through these changes effectively, let’s delve into
Receiving a notice under Section 133(6) of the Income Tax Act, 1961 can be unsettling, especially if there are discrepancies in your Income Tax Return (ITR) filing, such as incorrectly claiming a full refund or misreporting income. Here’s a detailed look at what to do if you find yourself in this situation:
Receiving a notice under Section 143(2) of the Income Tax Act, 1961 can be a significant event for taxpayers, signaling that the tax authorities intend to conduct a detailed scrutiny of your Income Tax Return (ITR). Here’s a detailed overview to help you navigate this process effectively:
Filing Income Tax Returns (ITR) can be a daunting task, especially with the recent changes introduced for the Assessment Year (AY) 2024-25. Many taxpayers encounter common issues and have frequently asked questions (FAQs) regarding the filing process.
