Receiving a notice from the Income Tax Department can trigger anxiety for many taxpayers—but the good news is, not every notice is a penalty or a problem. In many cases, it's a routine request for information, clarification, or verification.Let’s break down the different types of income tax notices, what they
Starting April 1, 2025, significant amendments to India's income tax laws have come into force. These changes are aimed at simplifying the tax structure, offering greater relief to taxpayers, and boosting economic growth. As a trusted financial advisory and consulting firm, Aplite Advisors brings you a comprehensive summary of the
Ensuring compliance with tax regulations is essential for every taxpayer to avoid unnecessary scrutiny from the Income Tax Department. Certain financial transactions may trigger an Income Tax Notice if they exceed specified limits or appear suspicious. Understanding these transactions can help you stay tax-compliant and avoid penalties. Transactions That May
