Wed, Aug 21, 2024
Finance and Corporate Affairs Minister Nirmala Sitharaman is scheduled to preside over Income Tax Day celebrations at 4 pm in the Plenary Hall at New Delhi's Vigyan Bhawan on August 21, according to the Ministry of Finance. The day marks the 165th Income Tax Day, marking a significant milestone in the country's fiscal history.
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Fri, Aug 02, 2024
Income Tax Season: The Income Tax Department has released some interesting data on the 2024 income tax season, with record 69.9 lakh ITRs filed on July 31 - the last date to file the income tax return for AY25 without penalty.
Sat, Jul 27, 2024
Income Tax Return Last Date: July 31 is crucial as it is the last day to file your income tax return (ITR) for the financial year 2023-24, which ended on March 31. Failing to do so within the stipulated time not only results in non-compliance with tax laws but also attracts penalties.
Fri, May 12, 2017
Section 139AA of the Income-tax Act, 1961 as inserted by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form for filing of return of income and for making an application for allotment of Permanent Account Number with effect from July 1, 2017.
Mon, May 08, 2017
Only a few days left for this financial year to end and tax filing deadline is striking the calendar. Indian Government has already taken many initiatives to simplify the tax filing process by introducing new ITR forms, online filing facility etc. Yet many taxpayers tend to make silly mistakes wh
Mon, Apr 10, 2017
Individuals will have to disclose all cash payments of over Rs 2 lakh made for paying loans and credit card bills during the 50-day period post demonetisation in the new Income Tax Return (ITR) form.
Thu, Jan 26, 2017
Post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees.
Tue, Sep 06, 2016
While salaried employees usually file ITR-1 or ITR-2 or 2A, F&O traders and those who conduct intra-day trading must file ITR-4.
Tue, Apr 19, 2016
The CBDT had notified the new forms on March 30 and ITRs can be filed till the stipulated deadline of July 31.
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