June, 2024 Updates:

1. Ask for Form 16 From Your Employer. You can file your ITR through it easily.

2. Pay the Advance Tax of your business before 15th June, if tax liabilities are above Rs. 10,000, otherwise, you have to pay interest @1% per month u/s 234C.

Things to do in June 2024:

June'24 News and Updates

1. Changes in Section 115BAC From AY 2024-25, the new tax regime will be the default tax regime. If anyone opts old tax regime in ITR 3 and 4, he has to file in form 10IEA.

2. Timelimit for E-verification has been reduced from 120 days to just 30 days from the date of filing. If not done within 30 days, the date of filing will considered to be the date of E-verification and provisions for late filing of tax will be applicable i.e. Interest u/s 234A and late fees u/s 234F.

July, 2024 Updates:

Things to do in July 2024:

1. Ask for Form 16 From Your Employer. You can file your ITR through it easily.

2. File your Income Tax Before 31st July.

July'24 News and Updates

1. Changes in Section 115BAC From AY 2024-25, the new tax regime will be the default tax regime. If anyone opts old tax regime in ITR 3 and 4, he has to file in form 10IEA.

2. Timelimit for E-verification has been reduced from 120 days to just 30 days from the date of filing. If not done within 30 days, the date of filing will considered to be the date of E-verification and provisions for late filing of tax will be applicable i.e. Interest u/s 234A and late fees u/s 234F.