CA Prasad Ingawale Official

05/05/2026

05/11/2024

*Income Tax Department Receives 6500 Stakeholder Suggestions for Overhaul of IT Act, 1961*👨🏻‍💻

The Income Tax Department has received a significant response from stakeholders, amassing 6,500 suggestions over the past month for the comprehensive review of the Income Tax Act, 1961. On Monday, Finance Minister Nirmala Sitharaman led a key meeting to discuss the progress of this pivotal Budget initiative.

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The Income Tax Department has received a significant response from stakeholders amassing 6 500 suggestions over the past month for the comprehensive review of t

04/11/2024

*Unlock Tax Savings: A NRI's Guide to Lower or NIL TDS Certificates for Property Sales*

For NRIs selling immovable property in India, navigating tax-related complexities, especially regarding Tax Deducted at Source (TDS), can be challenging. Applying for a Lower or NIL TDS Certificate provides an efficient solution to prevent excess tax deductions. The article offers a step-by-step guide to help NRIs avoid unnecessary financial strain and ensure a smooth transaction process.

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The article offers a step-by-step guide to help NRIs avoid unnecessary financial strain and ensure a smooth transaction process.

26/10/2024

*BREAKING NEWS: CBDT Extends Due Date for Audited IT Returns for AY 2024-25 to 15th Nov 2024*

On October 26, 2024, the Central Board of Direct Taxes (CBDT) announced an extension for filing the Return of Income for the Assessment Year (AY) 2024-25. This significant update is aimed at providing relief to taxpayers and ensuring compliance with the income tax regulations.

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On October 26 2024 the Central Board of Direct Taxes CBDT announced an extension for filing the Return of Income for the Assessment Year AY 2024 25 This signifi

25/10/2024

Number of High-Income Taxpayers in India Rises Fivefold in a Decade

The number of Indian taxpayers with taxable incomes exceeding ₹1 crore has surged more than fivefold, reaching nearly 2.3 lakh in the assessment year (AY) 2023-24, compared to just 44,078 in AY 2013-14, according to a report. This significant rise reflects the rapid growth in high-income earners over the past decade.

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The number of Indian taxpayers with taxable incomes exceeding 1 crore has surged more than fivefold reaching nearly 2 3 lakh in the assessment year AY 2023 24 c

22/10/2024

Automated Income Tax Form 16 Part B Master for 50 Employees for FY 2024-25

Are you responsible for preparing Income Tax Form 16 Part B for your employees? Imagine a solution that allows you to create 50 Form 16 Part B documents at once, saving you time and hassle. Whether you're a small business owner or an HR professional, this guide will show you how to download an automatic tool for generating these forms for the financial year 2024-25. Therefore, Read on to learn how this can simplify your tax responsibilities!

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Whether you're a small business owner or an HR professional, this guide will show you how to download an automatic tool for generating these forms for the financial year 2024-25. Therefore, Read on to learn how this can simplify your tax responsibilities!