Wed, Jul 31, 2024
Income Tax Return filing deadline today: The deadline for filing Income tax returns for the Financial Year 2023-24 and Assessment Year 2024-25 is about to end today. If you have not filed your ITR yet, here is a step-by-step guide on how you can file it. It should be noted that if a taxpayer misses the deadline then he/she will have to pay a penalty for late payment.
More >
Wed, May 01, 2024
The Federal Board of Revenue (FBR) in an Income Tax General Order (ITGO) said the mobile SIMs of 506,671 individuals, who failed to file their tax returns for 2023, will stay blocked until restored by the FBR or the Commissioner Inland Revenue having authority over the person.
Fri, Apr 08, 2022
The finance ministry on Friday said over 22 percent of the verified returns were processed on the same day, while the overall average processing time was only 26 days for ITR assessments in the last fiscal year.
Fri, Apr 01, 2022
The finance ministry has notified new income tax return forms which, among other things, will seek additional information with regard to overseas retirement benefits and interest accrual on provident fund deposits exceeding Rs 2.5 lakh a year.
Fri, Dec 31, 2021
Due date and last date for filing the ITR of taxpayers has been extended to December 31 and March 31, 2022.
Mon, Dec 06, 2021
The senior citizens above 75 years, having only pension and interest income from accounts maintained with bank in which they receive pension, will not have to file Income Tax Returns (ITR).
Thu, Oct 21, 2021
The State Bank of India (SBI) customers must be aware of the fact that they can save more by availing 80D deduction without paying health insurance premiums of the parents.
Mon, Oct 11, 2021
There is important information for the income taxpayers from the State Bank of India (SBI). The SBI has pointed out the number of benefits of filing ITR early.
Wed, Oct 06, 2021
The Income Tax (IT) payers must note that one can file Income Tax Returns (ITR) with Tax2Win on YONO.
Fri, Sep 10, 2021
As per the information provided by the Income Tax Department, under the Income-tax Law, different forms of returns are prescribed for different classes of taxpayers. The return forms are known as ITR forms (Income Tax Return Forms).
Sun, Mar 03, 2019
In order to provide tax benefits for old age people, the government has given number of tax beneifts to this category under Income Tax Act.
Mon, Dec 31, 2018
Income Tax Department also gives a privilege to citizens in securing a portion of taxes paid in the form of ITR. In short, ITR helps in reducing the taxes a citizen is liable to pay.
Mon, Nov 05, 2018
Deduction under section 80C of the Income Tax Act 1961 (Act) can be claimed to the extent of Rs 1,50,000 cumulatively for the items specified in that regard.
Thu, Oct 18, 2018
Income Tax returns (ITR): Getting a home loan from a bank and employer sounds like an opportunity made in heaven.
Tue, Oct 09, 2018
The government on Monday extended by a fortnight till October 31 the deadline for filing Income Tax return (ITR) and audit report for financial year 2017-18.
Tue, Oct 02, 2018
A taxpayer's return was selected for scrutiny by the tax officer for investigating the increase in his capital account, as declared in the return of income. During the course of assessment, the tax officer observed that the taxpayer had categorised an amount of Rs 8 lakh as gift received from a relative.
Tue, Sep 18, 2018
Sale and purchase of property vide registered deed of conveyance: You can claim tax benefits.
Tue, Aug 28, 2018
A taxpayer, who moved to Korea for employment during financial year 2012-13, filed his return of income for assessment year 2013-14 on July 21, 2013. In the said return, he declared his total income at Rs 12,03,582 being income from salary in India.
Sat, Aug 25, 2018
Income tax returns (ITR) filing: There is barely any time left now to file ITR returns. Those who are banking on reports that are saying the deadline will be extended again should not gamble on it happening.
Mon, Aug 20, 2018
Income tax returns (ITR) filing: The finance ministry has proposed amendments in the Income Tax rules for obtaining 'no deduction of tax' certificate electronically, a move aimed at minimising human interface and reducing compliance burden.
Wed, Jun 27, 2018
Income Tax department has created a system under which tax is deducted at the origin of the income by the payer and is remitted to the government by the payer on behalf of the payee.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
