Category: income tax returns
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ATO warns of $1,820 tax penalty for missed deadline
ATO Warning Over $1,820 Nasty Surprise as Fine Increases for Missing Tax Return Deadline As the new financial year begins, millions of Australians are being reminded to ensure their affairs are in order. While workers are advised not to rush and lodge their tax return before pre-fill data is collected by the Australian Taxation Office…
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Stock Traders’ Alert: Income Tax Audit Mandatory for AY 2026-27
Understanding Tax Audit Requirements for Stock Market Traders Now that the income tax return (ITR) filing season is upon us, it’s essential to start preparing your tax return information and data. To submit your ITR, you can use the e-filing ITR portal or the income tax utility. If you are involved in trading in securities…