Tue, Dec 26, 2023
The income tax department stated that such communication is only to facilitate the taxpayers and create awareness around the information available with the I-T department regarding the transactions reported by the Reporting Entities during the year.
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Sun, Dec 03, 2023
Taxpayers rejoice! The Income Tax Department has introduced a revolutionary new feature – the 'Discard' option. In this video, we’ll delve into the details of this game-changer, explaining its benefits, eligibility criteria, and the simple process of discarding your income tax return. So, whether you're a seasoned taxpayer or a first-timer, this video will equip you with the knowledge to make the most of this convenient option.
Tue, Nov 07, 2023
Don't assume that all transactions between spouses are tax-free. There are some nuanced rules to be aware of, especially when it comes to gifts, investments, and rental income. In this video, we'll break down the key tax implications to keep in mind when dealing with your spouse financially.
Wed, Jan 24, 2018
As the financial year is coming to an end and ahead of tax filing season, the Income Tax department has notified a new helpline number for taxpayers to e-file their returns and conduct other tax-related businesses online.
Fri, Jan 19, 2018
Taxable income are the final amount that you derive after making all adjustments on which income tax is levied as per the respective tax slab for an individual.
Fri, Dec 29, 2017
Any income earned via monthly regular income from an employer or ex-employer paid in the given financial year is considered as 'salary income'.
Mon, Sep 18, 2017
As per the Income Tax Act, 1961 if the value of gifts received is more than Rs 50,000 a year, then such amount is taxed as income in the hands of the receiver.
Sat, Sep 02, 2017
The taxpayers who were suppose to file Income Tax Return and Audit Report by September 30, can now file by October 31.
Mon, Aug 14, 2017
Though to file Income Tax Return, taxpayers were required to provide just Aadhaar number, but to process that IT return, taxpayers need to link PAN with Aadhaar. This is how you can do.
Sun, Aug 13, 2017
More than 9.3 crore Permanent Account Numbers (PAN) have been linked with Aadhaar, a senior Income Tax Department officer said. Of the total PAN-Aadhaar seeding, which is nearly 30 per cent of the total about 30 crore PAN holders, about three crore linkages were done in June and July.
Wed, Aug 09, 2017
A rectification request under section 154(1) is allowed by the Income Tax Department for correcting mistakes when there is an apparent mistake in your Income Tax Return.
Sun, Aug 06, 2017
You can still file belated return before the end of the assessment year. If you have not filed ITR for FY16-17, you can still file it till March 31, 2018.
Sat, Aug 05, 2017
Not much of a crowd of assesses was witnessed since many preferred to file their Income Tax Returns online.
On July 31, the Income Tax department had extended the deadline to file Income Tax Return till August 5. Even on the last day, the taxpayers can rectify common errors
Government said relatives applying for a person`s death certificate will be required to provide the dead person`s Aadhaar number to prevent identity fraud or obviate the need for producing multiple documents to prove his or her identity.
Mon, Jul 31, 2017
If you have not filed ITR today, then don't worry, you can file it till August 5, 2017.
The Income Tax Department has added a new column where the taxpayer’s will have to report the details of cash deposited in their bank accounts if the aggregate cash deposits for all accounts exceeds Rs 2 lakh during the demonetisation period.
The last date for filing of ITRs remains July 31. There are no plans to extend this deadline. The department has already received over two crore returns electronically.
Sun, Jul 30, 2017
Tomorrow is the last to submit your Income Tax Return for the financial year 2016-17. With one day in hand, the taxpayers should come forward to file ITR to avoid penalties.
Sat, Jul 29, 2017
ITR filing process is complicated and there are always chances of missing out some or the other step.
Fri, Jul 28, 2017
If you are filing ITR online or on incometaxindiaefiling.gov.in, there you will see seven ITR forms along with their briefs. Depending your category, you can select the relevant form.
Defaulters will have to pay Rs 5,000 if taxes are paid after the deadline of July 31 but before December 31 of the assessment year.
Thu, Jul 27, 2017
Your Tax Credit Statement / Form 26-AS is an important document for tax filing.
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![Things you should know about "Gift Tax" before receiving, giving this festive season](http://50342.g72ip.group/sites/default/files/styles/zeebiz_160x90/public/2017/09/18/23905-tax4-pixabay.jpg?itok=dNjVCHPR&c=4e28e6c2e028138d95275ade810705f2 "Things you should know about "Gift Tax" before receiving, giving this festive season")
