Sat, Oct 26, 2024
ITR Filing Deadline Extend: The income tax department has announced a 15-day extension for corporates to file their income tax returns, moving the deadline to November 15 for the assessment year 2024-25.
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Sat, Jul 27, 2024
Income Tax Return Last Date: July 31 is crucial as it is the last day to file your income tax return (ITR) for the financial year 2023-24, which ended on March 31. Failing to do so within the stipulated time not only results in non-compliance with tax laws but also attracts penalties.
Mon, Jul 22, 2024
ITR filing season: If you have made a mistake in your ITR then there is a new option called 'Discard ITR'. You can easily make changes by using this option.
Mon, Jul 31, 2017
The last date for filing of ITRs remains July 31. There are no plans to extend this deadline. The department has already received over two crore returns electronically.
Sun, Jul 30, 2017
Tomorrow is the last to submit your Income Tax Return for the financial year 2016-17. With one day in hand, the taxpayers should come forward to file ITR to avoid penalties.
Sat, Jul 29, 2017
ITR filing process is complicated and there are always chances of missing out some or the other step.
Fri, Jul 28, 2017
If you are filing ITR online or on incometaxindiaefiling.gov.in, there you will see seven ITR forms along with their briefs. Depending your category, you can select the relevant form.
Defaulters will have to pay Rs 5,000 if taxes are paid after the deadline of July 31 but before December 31 of the assessment year.
Thu, Jul 27, 2017
Your Tax Credit Statement / Form 26-AS is an important document for tax filing.
Wed, Jul 26, 2017
If you are still thinking whether you are eligible to file ITR or not, then we give you 10 situations as per the Income Tax Act which makes it mandatory for an individual to file ITR in India
Tue, Jul 25, 2017
Form 16A is a tax deducted at source Certificate. While Form 16 is for only salary income, Form 16A is applicable for TDS on Income Other than Salary.
E-filing or electronic filing is submitting your income tax returns online. There are two ways to file your income tax returns.
Mon, Jul 24, 2017
Arun Jaitley praised Revenue Secretary, Minister of Finance, Hasmukh Adhia for successful implementation of Income Declaration Scheme and activities during and after demonetisation.
This year the department has added a new column where the taxpayer’s will have to report the details of cash deposited in their bank accounts (including loan account) if the aggregate cash deposits for all accounts exceeds Rs 2 lakh during the demonetisation period
Fri, Jul 21, 2017
Even if you don't earn enough to be in the lowest income tax bracket, you should still file income tax returns as its copy is required for many financial transactions.
Thu, Jul 20, 2017
Once the income tax returns have been processed by the tax department, the taxpayer can make changes by filing a rectification request under Section 154(1).
Wed, Jul 19, 2017
As per the Section 194J of Income Tax Act, employers need to deduct tax deduct at source (TDS) from payments made to professionals.
Tue, Jul 18, 2017
Mon, Jul 17, 2017
Legally, the government allows for certain tax-saving deductions that you can use to lower your taxable income. You can effectively use these deductions to pay less tax.
Fri, Jul 14, 2017
The Income Tax Department on Friday launched phase 2 of its Operation Clean Money. In the first phase, it had identified nearly 20 lakh people who deposited cash inconsistent with their incomes.
Finance Arun Jaitley had introduced a late filing fee under new provision of Section 234F under Income Tax Act. As per the rule, taxpayer will have to pay penalty of up to Rs 10,000 for late filing of ITR.
Tue, Jul 11, 2017
Sometimes, while filing the return, you may end-up paying more tax to the government than your actual tax liability. In such cases, you are eligible for a tax refund.
Mon, Jul 10, 2017
Form no 16 is issued once in a year, on or before 31st May of the next year immediately following the financial year in which tax is deducted.
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