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Jun 24, 2024 · In clause (a) of Explanation 2 to sub-section (1), the filing date for Form ITR-7 for the Assessment Year 2023-24 is specified for assessees. Section 139 of the Act is extended until 30th November 2023, its expiration date being 31st October 2023. The Excel utility of the ITR-7 for AY 2023-24 is now available on the official portal for e-filing ...
Jun 18, 2024 · Section 115BAC - the new tax regime system came into force from FY 2020-21 (AY 2021-22). The new tax regime introduced concessional tax rates with reduced deductions and exemptions. Section 115BAC was further amended in the Budget 2023, and the new regime was made the default regime from FY 2023-24.
Jun 29, 2024 · Estates, Powers & Trusts Law Section 7-1.6. Application of principal to income beneficiary. § 7-1.6 Application of principal to income beneficiary (a) Notwithstanding any contrary provision of law, the court having jurisdiction of an express trust, heretofore created or declared, to receive the income from property and apply it to the use of ...
Jun 28, 2024 · 2. Satisfying conditions under Section 139(1) of the Income-tax Act: There can be taxpayers whose taxable income does not exceed the basic exemption limit. However, these taxpayers may meet/satisfy one or more of the conditions mentioned in the Seventh provision of Section 139(1) of the Income-tax Act.
2 days ago · Deductions Specified under Section 43B. The following deductions are specified in this section. Any tax, duty, cess or fee paid under any law in force is allowed as a deduction when it is paid- this includes GST, customs duty or any other taxes or cesses paid. Interest paid on these taxes are also eligible for deduction.
Jun 29, 2024 · No attempt has been made or will be made by the bidder to induce any other person, partnership or corporation to submit or not to submit a bid for the purpose of restricting competition." (a-1) Notwithstanding the foregoing, the statement of non-collusion may be submitted electronically in accordance with the provisions of subdivision seven of ...
Jun 14, 2024 · Section 139 (5) of the Income Tax Act, 1961, allows you to file a revised return if you discover mistakes in your initial filing. You can even revise a belated return. You can file a revised return by 31st December of the relevant assessment year or before the completion of assessment, whichever is earlier. December 31, 2024, is the deadline to ...
