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Tag: income tax compliance India
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Over 7 Crore ITRs Filed: Income Tax Department Urges Remaining Taxpayers to Act Before Deadline
The Income Tax Department has confirmed that over 7 crore Income Tax Returns (ITRs) have already been filed for the current assessment year. With the due date approaching fast, it is urging the remaining taxpayers to complete their filing immediately to avoid late fees, penalties, and last-minute technical glitches. Why the Rush to File Now?…
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How to Avoid Income Tax Notices on Savings Account Interest in India
Interest earned on savings accounts is taxable under Indian income tax laws, but many account holders are unaware of provisions that can help reduce or avoid tax liabilities. Understanding these rules is essential to avoid income tax notices, ensure compliance, and make the most of available deductions. In this blog, we cover everything you need…