Wed, Nov 13, 2024
There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.
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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.
Wed, Sep 04, 2024
Income Tax Return Filing: House Rent Allowance (HRA) is a key component in the salary of an employee taxpayer. It can help them save considerable tax. But sometimes, such taxpayers get greedy and use wrong methods to cheat the Income Tax Department (I-T Department). But the I-T Department has its own ways to catch such violators.
Fri, Jul 05, 2019
Tue, Jul 02, 2019
The survey also showed that while 46 per cent of the companies with turnover exceeding Rs 250 crore feel that corporate tax will not be reduced to 25 per cent, 39 per cent hope for a cut.
If the Income Tax Department has authorised your bank to provide e-verification facilities, you can log in at your net banking and click on 'e-verify'.
With July 2019 kicking in, it will be a very busy month for Income-Tax return (ITR) filers and other taxpayers either, be it individuals or corporates.
Fri, Jun 28, 2019
With new Income Tax return changes in place, it is important you do not make mistake and have every document ready.
ITR-1 form is now made easy for individuals. Many details which were earlier required to be filled manually is now pre-filled.
If original income tax return has been filed in paper format or manually, then technically it cannot be revised by online mode or electronically.
Thu, Jun 27, 2019
Income Tax Return (ITR) is needed to be filed by every person who is earning and falls under taxable income bracket.
Union Finance Ministry has taken a path-breaking decision by expanding the scope of direct tax task force.
If you are in the habit of paying your income tax at the last minute, then you might not want to miss out on the latest alert in order to ensure seamless ITR filing.
Among major allowances for central government employees are HRA and dearness and they should know that the deadline is looming large now.
Wed, Jun 26, 2019
Every year before July end, a taxpayer must communicate all her or his income earned from salary and other sources in a financial year to the I-T department.
Tue, Jun 25, 2019
Nirmala Sitharaman said, "A total of 7.19 crore income tax returns (ITRs) have been processed in 2018-19. The total amount of refund released in 2018-19 is Rs 1,61,457.6 crore".
Thu, Jun 20, 2019
Every day is not a positive one as far as equities and mutual funds investors are concerned. Chances of capital losses very much exist.
Wed, Jun 19, 2019
Tue, Jun 18, 2019
In this episode of Money Guru, you will get to know about income tax on Mutual Funds. Since Income Tax return filing season is here, hence the details given in this episode of Money Guru will be of great help to you in ITR filing. WATCH!
Mon, Jun 10, 2019
To update mobile number in Aadhaar, you will have to visit permanent enrollment centre meant for this 12-digit biometric.
Wed, Jun 05, 2019
The Income Tax department does allow reliefs to salaried individuals who are paying tuition fees for their children.
ITR7 is meant for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F).
Tue, Jun 04, 2019
One of the major errors can be in your PAN card when you cannot view your credit statement due to few mistakes that were made during income tax returns filing.
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