Tax Audit Due Date Extended to 7th October 2024 Tax Audit Due Date Extended to 7th October 2024 In a significant move, the Central Board of Direct Taxes (CBDT) has extended the due date for filing the Tax Audit Report for the Assessment Year (AY) 2023-24 to 7th October 2024. This extension brings relief to … Read more
Finance Minister Nirmala Sitharaman Urges Tax Making Tax Communication Easier for Everyone Making Tax Communication Easier for Everyone On August 21, 2024, Finance Minister Nirmala Sitharaman spoke to tax officers about an important issue — the complicated language and tone used in tax notices and letters sent to taxpayers. She asked officers to use simpler … Read more
ITR Filing 2023 24 10 Common Mistakes You Must Avoid ITR Filing 2023 24 10 Common Mistakes You Must Avoid As the Income Tax Return (ITR) filing deadline for 2023-24 approaches, many taxpayers find themselves rushing to meet the deadline. This last-minute rush can lead to unintentional errors that may result in hefty fines, rejection … Read more
CBDT Rolls Out e-Dispute Resolution Scheme CBDT Rolls Out e-Dispute Resolution Scheme The Central Board of Direct Taxes (CBDT) has launched the e-Dispute Resolution Scheme (e-DRS), 2022, aimed at simplifying the process of resolving tax disputes and reducing litigation. With the rollout of Dispute Resolution Committees (DRCs) across the country, this new initiative provides taxpayers … Read more
Overview of the Direct Tax Vivad Se Vishwas Overview of the Direct Tax Vivad Se Vishwas The Indian government continues to make strides in simplifying tax administration and resolving long-standing disputes between taxpayers and the authorities. In line with this objective, the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, announced in the Union Budget … Read more
