Fri, Jul 29, 2022
Taxpayers should note that if you didn't respond to the I-T department's communication or message regarding a defective return, then the ITR filed will not be processed and be treated as invalid.
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According to data provided by community social media platform LocalCircles, 41 per cent of Indians who qualify to file the return are yet to file their papers. Around 10 per cent said that they were facing technical glitches.
Mon, Jul 25, 2022
Avoid missing the due date. As per the rule, individuals filing their ITR after the deadline will have to pay Rs 5,000 as a penalty.
Mon, Aug 20, 2018
Income tax returns (ITR) filing: For taxpayers who missed the earlier deadline of July 31, 2018, are now scrambling to file their returns before the new one of August 31, 2018. However, be aware that things don't go wrong. Here is how to ensure that does not happen.
Fri, Aug 17, 2018
Some of these schemes, which come with income tax return benefits, include 15-year Public Provident Fund Account (PPF), National Savings Certificate (NSC), Senior Citizen Savings Scheme (SCSS), post office deposit schemes and Sukanya Samriddhi accounts. Let us have a look at these popular savings options offered by post offices.
Tue, Aug 07, 2018
Income tax return (ITR) filing: Yes, the dates may have been extended to file ITR returns but you should pay heed to certain things while filling your form or else you will have to face consequences. The last date for filing income tax returns is now August 31, 2018.
It is important for NRIs to determine their residential status every financial year. This is based on the number of days stay as prescribed under Section 6 of the Income Tax Act 1961 (IT Act). Under the Income Tax Act, an Indian citizen who leaves India for employment purpose or an NRI who comes on a visit to India, can stay up to 181 days in India, without losing his non-residential status. The day of arrival as well as the day of departure is considered as stay in India.
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