Canadians can begin filing their income tax returns online as of Monday, with several changes in store for the 2024 tax filing season. Those filing by paper should have received their income tax package in the mail by now, according to the Canada Revenue Agency (CRA). Most Canadians must file their tax return by April … Read more
The Income Tax Department has sent notices to a number of taxpayers who made donations to political parties that are registered, but not recognised by the Election Commission. The notices sent to individuals and corporates are for donations made in FY21 and FY22, to find out whether such payments to lesser-known political parties were used … Read more
NEW DELHI: The Jharkhand High Court has ruled that the Directorate General of Goods and Services Tax Intelligence (DGGI) does not enjoy any special power or privilege compared to the officers of the state GST authorities, if they are investigating the same taxpayer for the same offence. Justices Rongon Mukhopadhyay and Deepak Roshan came down … Read more
New tax measures, and changes to existing ones, will begin affecting Canadians in 2024. But tax experts say the effects on most individuals are likely to be minor, unless they’re high-income earners. GST/HST exemptions, the elimination of deductions for some short term rentals, new alternative minimum tax rates and changes to Canada Pension Plan (CPP) … Read more
