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.
Wed, Feb 09, 2022
Also, if a taxpayer files an updated return and do not pay the additional taxes then the return would be tendered invalid.
Fri, Feb 04, 2022
Budget 2022: ITR correction - 25-50 per cent additional on due tax!
Tue, Feb 01, 2022
Budget 2022 Income Tax, ITR Filing: It's a relief for Income Tax payers seeking to correct omissions in ITR filing.
The government provides an opportunity to correct any error in filing ITR.
Fri, Jan 21, 2022
"Under the income tax act 1961, the taxability of gains relied on factors like holding period and volume of transactions."
Wed, Jan 12, 2022
Income Tax News: The due date of furnishing of returns of income for the assessment year 2021-22 has now been extended to March 15, 2022.
Tue, Jan 11, 2022
The Central Board of Direct Taxes (CBDT) has extended due dates for filing audit reports and Income Tax Returns (ITRs) for 2021-22. The decision has been taken considering the difficulties due to the COVID-19 situation.
Fri, Dec 31, 2021
Revenue Secretary Tarun Bajaj said December 31, 2021, remains the official deadline for filing of income tax returns.
Income Tax ITR filing due date: The story remains the same every year, people either face trouble or get stuck at the last minute while filing their Income Tax returns.
Mon, Dec 27, 2021
Income Tax return filing after the due date attracts a penalty of up to Rs.5000.
Wed, Sep 29, 2021
The Finance Act, 2021 has amended the provisions of the Act to provide that the Income-tax Settlement Commission shall cease to operate with effect from February 01, 2021, the notification said.
Tue, Sep 14, 2021
The income taxpayer can now file the income tax return till December 31, 2021.
Fri, Aug 20, 2021
The new taxpayer-friendly portal has been integrated with the immediate processing of Income Tax Returns to issue quick refunds to the taxpayers.
Wed, Aug 11, 2021
The last date for filing ITR for last financial year has been extended till September 30, 2021, from July 31 to give taxpayers compliance relief during the pandemic.
Tue, Aug 03, 2021
Considering the difficulties reported by the taxpayers and other stakeholders in the electronic filing of certain Forms, CBDT has taken this step.
Thu, Jul 29, 2021
The taxpayers can file the Income Tax Return (ITR) in two ways -- online and offline.
Fri, Jul 23, 2021
The government had extended the date of filing income tax returns for the Assessment Year 2021-22 till 30 September 2021
Thu, Jul 22, 2021
The last date to file income tax returns for the financial year 2020-21 has been extended till September 30, 2021.
Wed, Jul 21, 2021
Earlier CBDT asked the taxpayers to submit Forms 15CA/15CB in manual format to the authorised dealer till 15th July 2021.
Wed, Jul 14, 2021
In order to ease the compliance burden of taxpayers during this difficult time, reliefs are being provided by the government.
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