The Updated Income Tax Return (ITR-U) is a provision introduced by the Indian government to allow taxpayers to rectify errors or omissions in their previously filed Income Tax Returns (ITRs). This initiative aims to enhance tax compliance by providing an opportunity for individuals and businesses to voluntarily disclose any undisclosed income or correct inaccuracies without […]
Income Tax Refund
An Income Tax Refund arises when the tax amount paid by an individual or business exceeds their actual tax liability for a financial year. This excess amount is refunded by the Income Tax Department upon processing the Income Tax Return (ITR). Checking Income Tax Refund Status To monitor the status of your refund, you can […]
Corporate Tax Rate In India
India’s corporate tax framework is designed to balance fiscal discipline with incentives for growth, reflecting the government’s focus on boosting investment and simplifying compliance. Here’s a detailed analysis of the current corporate tax rate in India, corporate tax structure, recent reforms, international comparisons, and frequently asked questions. 1. Tax Rates for Domestic Companies Domestic companies […]
Income Tax Return Due Dates
Filing Income Tax Returns (ITRs) within the stipulated deadlines is crucial for individuals and businesses to avoid penalties, interest, and legal complications. Income Tax Return Due Dates for filing ITRs in India for the Financial Year (FY) 2024-25, corresponding to the Assessment Year (AY) 2025-26, vary based on the taxpayer’s category and the nature of […]
RERA Applicability and Registration Process in Greater Noida, Uttar Pradesh
The Real Estate (Regulation and Development) Act, 2016 (RERA), was established to bring transparency, accountability, and efficiency to India’s real estate sector. In Uttar Pradesh, including the rapidly developing region of Greater Noida, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) is responsible for implementing and overseeing the provisions of this act. Applicability of […]