Government to remind taxpayers of ‘undisclosed’ foreign assets
The income tax department would send ‘reminders’ to taxpayers who missed disclosing foreign assets or income from foreign ...
Newspoint on MSN12h
Is It Still Possible To Opt For The Old Tax Regime After The Default Shift To NTR?
The Finance Act of 2020 introduced the New Tax Regime (NTR) as an optional system for taxpayers, while the Old Tax Regime ...
Tax Guru16h
No implication of right to property by having property tax assessment receipts
Conclusion: Receipts for property tax assessment did not necessarily indicate ownership rights to the property. Moreover, ...
Tax Guru23h
High-Pitched Assessments in Income-Tax Cause Injustice
The article raises several questions about the fairness and efficiency of the Income-Tax Act, administration, and assessing officers, urging a review to ensure the system aligns with the intended ...