The tax payer can apply for re-computation of total income under Section 155(18) and notify the assessing officer within 30 days of paying the tax to avoid any penalty
The finance ministry on Thursday said the move is to ensure better targeting of pension benefits to underserved sections of the population
As we step into 2023, there are expectations from the salaried class that the Union Minister of Finance could provide some hope to them in this year’s Union Budget. The possibilities could include increasing the limit of...
If you have taken a loan from friend or family, or given one to them, and are paying or earning interest on the loaned amount, then you need to comply with the income tax rules, too
