tax notice

Explained: What to do when you receive tax notice on foreign remittances

TheSpuzz Desk2 months ago04 mins

Source: Business Standard 2 min read Last Updated : Oct 08 2024 | 5:31 PM IST People make foreign remittances for various purposes, such as paying the education fees of children studying abroad or purchasing assets overseas. The process involves following a set of procedures to ensure compliance with Income Tax regulations. …

Received a TDS mismatch notice? It could be an error—here’s how to resolve it

TheSpuzz Desk3 months ago07 mins

Source: Live Mint Tech professional Samir (name changed) was shocked to receive a tax demand of about ₹1.98 lakh related to his income tax return (ITR) filed for the assessment year 2024-25. According to the intimation 143(1) sent to him, the tax deducted at source or TDS on his salary reported in his form 26AS…