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Jaincaagarwaljain
2025-05-30

🚨 Filing ITR for AY 2025–26 under Old Regime? Read this!
The Income Tax Dept. has released ITR-1 & ITR-4 utilities—and they're longer and stricter for those claiming deductions! 📄

🎯 Know what’s changed:
✅ HRA disclosures
✅ Section 80C, 80D, 80E, 80EE, 80EEA, 80EEB
✅ Loan details, receipt numbers, and more

📹 Watch full explainer by CA Sachin D Jain 👉 [YouTube Link]

Jaincaagarwaljain
2025-05-30

30th May 2025 is the due date for issuing TCS certificates for Jan–Mar 2025 (Q4 of FY 2024–25).
Ensure timely issuance under Income Tax provisions.

Jaincaagarwaljain
2025-05-15

15th May 2025 is the due date for issuing TDS certificates for tax deducted in March 2025 under sections 194-IA, 194-IB, 194M, and 194S. Ensure timely compliance as per Rule 31(3) of the Income Tax Rules.

Jaincaagarwaljain
2025-05-15

📌 15th May 2025 is the due date for filing Form 24G for April 2025 by government offices where TDS/TCS has been deposited without challan. Applicable under rule 30(4B) of the Income Tax Rules.

Jaincaagarwaljain
2025-05-15

🗓️ Due date to file TCS Return for Jan–Mar 2025 quarter is 15th May 2025.
Covers details of tax collected at source for the quarter ending 31st March 2025.

Globaljurixtoplawfirm
2025-04-24

📢 TDS on Rent Revised – From 01.04.2025
💼 Now applies only if monthly rent > ₹50,000
📉 Earlier: TDS if annual rent > ₹2,40,000
✅ Tenants paying ≤ ₹50K/month = No TDS deduction
👥 Applies to rent paid to residents
.

Today News Headlinestodaynewsheadlines
2025-04-21

🆕 Say hello to the future of PAN cards!
Want a PAN card with a secure QR code? It's called PAN 2.0 – smarter, safer, and scannable! ✅

todaynewsheadlines.com/how-to-

Srijit Kumar Bhadrasrijit@hachyderm.io
2025-04-21

[Part 3/3]
I am not sure how encryption issues will be addressed without jeopardising platform security. Also, I lack the legal knowledge to determine if overriding end-to-end encrypted communication is similar to breaking the lock of any door, box, locker, safe, or almirah. Dhruv Garg, a technology lawyer, elaborates on my concerns regarding data privacy under the impending Income Tax Bill [1].

> He explained that the bill defines "virtual digital space" broadly, encompassing both digital elements and physical infrastructure like servers. This, he noted, blurs the boundary between the virtual and physical world, raising potential privacy issues. "This has the potential to challenge the existing paradigm of privacy in India," Garg warned. He explained that the Digital Personal Data Protection Act, 2023 (DPDP Act) is designed to avoid conflicts with other laws.

I hope that the scope of the proposed tax law will not expand in future. Under the current circumstances, the extent of my privacy due to end-to-end encrypted communication in India, appears to be limited largely with respect to my neighbours and colleagues. I get a similar feeling when I share my personal details through soft copies or xerox copies of my Aadhaar [2] to individuals of various small and big organizations as proof of my identity and address.

1. boomlive.in/explainers/new-tax
2. en.wikipedia.org/wiki/Aadhaar

#MastodonIndians #MastIndia #India #Privacy #Encryption #CyberSecurity #Digital #IncomeTaxIndia

Srijit Kumar Bhadrasrijit@hachyderm.io
2025-04-21

[Part 2/3]
In the Finance Bill 2025, Finance Minister of India gives legal backing to govt accessing digital assets [1].

> Under the new framework of the Finance Bill 2025, tax officials can access encrypted communications, cloud storage, and digital asset exchanges if they believe a person has concealed taxable income or cryptocurrency holdings.

> The new tax bill allows officials to access communication platforms like emails, WhatsApp, and Telegram, as well as enterprise software and storage servers businesses use to conceal financial transactions. "Gathering evidence from digital accounts is essential not only to prove tax evasion before a court of law but also to compute the exact amount of tax evaded,'' said the FM.

The Indian government has always faced the challenge of striking a tight balance between individual privacy and national security. Now, in the current digital age, this proposed bill has the potential to violate personal rights and set a dangerous precedent for mass surveillance in India. The final outcome could have ramifications for civil liberties, digital privacy regulations, and encryption standards worldwide [2].

> FM Sitharaman highlighted that digital forensics played a crucial role in unearthing unaccounted money. "Encrypted messages on mobile phones led to unearthing ₹250 crore unaccounted money. Evidence of crypto assets has been detected in WhatsApp messages. WhatsApp communication helped unearth ₹200 crore unaccounted money," said FM Sitharaman on the new bill.

It is not known exactly how WhatsApp communications revealed details about crypto asset transactions, helping unearth ₹200 crore of the total ₹250 crore. Was E2EE compromised? What role did Meta play in this case?

Indian authorities likely obtained the messages directly from the suspects' devices during raids, bypassing the need for Meta to decrypt or provide the data. There’s no public indication that Meta was compelled to assist or provide backdoor access in this specific case.

1. livemint.com/economy/finance-b
2. cyberexperts.com/whatsapp-encr

#MastodonIndians #MastIndia #India #Privacy #Encryption #CyberSecurity #Digital #IncomeTaxIndia

Srijit Kumar Bhadrasrijit@hachyderm.io
2025-04-21

[Part 1/3]
The proposed Income Tax Bill, 2025, grants the Indian Income Tax department significantly enhanced powers, particularly in relation to electronic and digital records [1]. If passed, the provisions will take effect from April 1, 2026. Some of the key provisions include:

> Access to computer system: Revenue authorities may demand access to electronic records, emails, and social media accounts under suspicion of tax evasion subject to approval from senior tax officials.

> Overriding access codes: If individuals refuse to provide passwords or access codes, authorities are empowered to override digital security measures to inspect financial and communication data.

> Access to Virtual Digital Space: Revenue authorities may also access virtual digital space. The definition of “virtual digital space” in Section 261(i) includes:

a. Email servers
b. Social media accounts
c. Online banking, trading, and investment accounts
d. Cloud servers and remote data storage
e. Digital applications and platforms used for financial transactions

1. businesstoday.in/personal-fina

#MastodonIndians #MastIndia #India #Privacy #Encryption #CyberSecurity #Digital #IncomeTaxIndia

efiletaxefiletax
2025-03-30

If you received an HRA-related notice/message from ITD for not deducting TDS u/s 194-IB, what action did you take?

Pick one:

1️⃣ Filed Updated Return (ITR-U)
2️⃣ Paid TDS with interest
3️⃣ Planning to respond via Form 26A
4️⃣ Not taken any action yet

💬 Comment if you have a different approach
🔁 RT to reach more affected taxpayers

Finodha.inteamfinodha
2025-01-01

Family pension is taxable, but some exemptions can help you save! ✅ The lower of ₹5,000 or 1/3rd of the pension is tax-free. 🏦 Stay informed and make smarter financial decisions!

📩 For more details, reach out to Finodha.in
📧 help@finodha.in
📞 8512022044

Finodha.inteamfinodha
2024-11-09

💸 Waiting for Your Tax Refund? 💸

Don’t let the suspense stress you out! Keeping tabs on your ITR status ensures that your tax refund reaches you immediately. 🚀💼

With Finodha, you can easily ‘Check Income Tax Refund Status’ and stay informed every step of the way. 💻✅

📩 Email: help@finodha.in
📞 Mobile: +91-8512022044

💸 Waiting for Your Tax Refund? 💸 Finodha.in
Finodha.inteamfinodha
2024-11-07

🌟 Did You Know? 🌟

The Income Tax Department launched the AIS mobile app on March 22, 2023 📅, making it easier for taxpayers to access information in their 26AS and AIS statements 📊. Stay on top of your tax details with just a few taps on your phone! 📱💡

The Income Tax Department launched the AIS mobile app on March 22, 2023 Finodha.in
Finodha.inteamfinodha
2024-11-06

📊💸 Did you know?

In India, 95% of taxpayers report incomes up to ₹25 lakh per year, while the remaining 5% contribute a whopping ₹89,000 crore in income tax! 🇮🇳💼

👥 Whether you're in the 95% or the 5%, smart financial planning and effective tax management are key. Let Finodha help you navigate the numbers! 📈✨

📩 help@finodha.in
📞 +91-8512022044

In India, 95% of taxpayers report incomes up to ₹25 lakh per year, while the remaining 5% contribute a whopping ₹89,000 crore in income tax! Finodha.in
Rishu Ranjanrishuranjan@infosec.exchange
2024-08-25

Understanding India's Income Tax Slabs for 2024
India’s income tax structure is an essential aspect of its financial landscape, affecting millions of taxpayers across the nation. As we step into 2024, it's crucial to understand the latest income tax slabs to ensure proper financial planning and compliance. This blog aims to break down the income tax slabs for the financial year 2024-25, helping individuals and businesses navigate the taxation process more effectively.

newmocktail.xyz/2024/07/Revise

#indiaeconomy #incometaxmews #IncomeTaxIndia

Gaurika VermaGaurikaVerma89
2024-07-17

online via the Reporting Portal. Stay compliant and support financial transparency! 💼📊
Details here 🔗setindiabiz.com/learning/filin

"How to File SFT form 61A? "
Webtel ElectrosoftWebtel
2024-01-16

FILE YOUR TDS RETURN - 3RD QUARTER | How to File TDS Return Online!

As we all are busy completing our 3rd Quarter TDS return. Shortage of deduction is not allowed and a shortage of time is there. In this video of Compliance Tuesday, we will discuss the easy process of filing a TDS return in 10 Minutes.

👉 Watch the full video at >> youtu.be/pQPmhtk-auY

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