Fri, Aug 16, 2024
ITR Refund Delay: After filing their Income Tax Returns, taxpayers eagerly await refunds. While some received theirs in just 10 days, others are still waiting even after a month. Why does this happen?
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Wed, Aug 14, 2024
Union Finance Minister Nirmala Sitharaman has revealed that the average time for processing income tax refunds has significantly decreased over the past decade. While refunds are now often processed in about 10 days, the timeline can vary based on the complexity of the ITR form. Learn about the factors affecting refund processing and why some taxpayers might experience delays.
Mon, Jul 29, 2024
ITR: Fraudulent claims lead to delayed refunds, thorough investigations, additional tax liabilities, and penalties. The department encourages ethical filing to ensure smooth processing and avoid legal consequences.
Fri, Jul 26, 2024
This is the only state in India where residents are exempt from paying income tax, regardless of their earnings. This unique status, rooted in the historical merger agreement of 1975 and protected under Article 371F of the Indian Constitution, provides significant financial relief and economic advantages to Sikkim's residents.
Thu, Jul 11, 2024
Income Tax Season: The deadline for filing your Income Tax Return (ITR) is fast approaching. The last date is Wednesday, July 31.
Mon, Jul 08, 2024
Know how to maximize tax savings through employee allowances in this article. Ensure that the mentioned allowances are integrated into your salary structure to reduce taxable income and optimise financial benefits. Consult with HR to include these allowances and effectively manage your tax liabilities while enjoying various perks tailored to your employment.
Thu, May 16, 2024
The time for Income Tax Return has come - As soon as you know these 8 benefits, you will be in a hurry to file your tax return, hurry up so that you do not miss the opportunity.
Thu, Apr 11, 2024
However, if an individual's total interest income is below the taxable limit, then they can submit Form 15G and 15H to the bank and request them not to deduct any TDS.
Wed, Aug 23, 2023
The Annual Information Statement (AIS) is a detailed summary of a taxpayer's information which is given in Form 26AS. In addition to the TDS/TCS details, AIS also show interest, dividend, stock market transactions, mutual fund transactions etc.
Mon, Aug 07, 2023
The AIS continues to update even after you have already filed your returns and any mismatch detected during processing of your ITR may invite the notice from the Income Tax Department.
Wed, Jul 19, 2023
This episode of Income Tax Return series 'Kar' Bachat' is special because in this video we have tried to answer your questions. Watch this video to know the answers to questions like which ITR Form, who has to be filled, what is the invoice and why.
Sat, Jul 15, 2023
The Income Tax Department has warned sternly against reporting inflated income or false deductions for the Assessment Year (AY) 2023-24. These actions can draw significant penalties, including an annual interest charge of 12 per cent, penalties of up to twice the amount of taxes, and even criminal prosecution.
Tue, Jun 27, 2023
The last date for filing tax returns for income earned in the 2022-23 fiscal is July 31 for salaried taxpayers and those assessees who do not need to get their accounts audited.
Tue, Jun 13, 2023
Income Tax Return Filing: It's the time of the year when taxpayers rush to file their income tax return or ITR. While filing return is an important responsibility, it is absolute necessary to do it accurately and within the stipulated deadline.
Tue, Jun 06, 2023
ITR filing 2023: In such cases, the government under section 139(5) of the Income Tax Act gives taxpayers a second chance to revise their income tax filing.
Thu, Mar 30, 2023
Check out the list of personal finance tasks that need to be completed by March 31. Individuals who fail to meet these requirements will have to pay penalties or face other consequences
Fri, Mar 24, 2023
Income Tax return: It often happens that taxpayers file returns in a hurry at the eleventh hour and they end up filing the wrong details.
Thu, Jan 19, 2023
Income Tax Act 80C and 80D: As of now, 80C and 80D are the two significant sections in the Income Tax Act that help taxpayers save some tax.
Thu, Dec 29, 2022
Income Tax Return Filing: It can still be filed under belated ITR and for that the deadline is December 31, 2022.
Wed, Nov 02, 2022
Under the CBDT's proposal, taxpayers will have choice to choose the form for filing returns, official sources said.
Wed, Oct 26, 2022
The Central Board of Direct Taxes (CBDT), the apex decision-making body in matters of income and corporate tax, in a notification said since it had last month extended the deadline for filing audit reports, hence the ITR filing due date too is extended.
Sun, Jul 31, 2022
The government has hinted that they won't be increasing the deadline for filing income tax this year and urged people to file their returns by today to avoid the late fee. Income Tax Department informed that apart from late fee, missing deadlines have several other implications too.
Mon, Jan 03, 2022
While filing Income Tax Returns (ITR) on time is important, it is even more crucial to file it in the right manner.
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