Tue, Jun 27, 2023
No income tax on wedding gifts: It is important to note that there are certain conditions that need to be met in order for the gifts to be exempt from tax.
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Mon, Jun 26, 2023
If the equity shares are sold after 12 months of purchase, then the seller can make a long-term capital gain (LTCG) or incur a long-term capital loss (LTCL).
Sat, Jul 30, 2022
Income tax return filing deadline for the Financial Year 2021-22 and Assessment Year 2022-23 is July 31, 2022.
Fri, Jul 29, 2022
According to data provided by community social media platform LocalCircles, 41 per cent of Indians who qualify to file the return are yet to file their papers. Around 10 per cent said that they were facing technical glitches.
Wed, Aug 14, 2019
Income-Tax dept said, "Income tax department is launching 'e-Verify Return' for e-Verification of ITR without login."
Tue, Jul 23, 2019
Income Tax Return (ITR) filing: The decision was announced by Finance Ministry via their Twitter account.
Central Board of Direct Taxes (CBDT) has extended the date for issuing of Form 16 for employers to July 10, 2019, for assessment year 2019-20 (FY 2018-19).
Mon, Jul 22, 2019
Income Tax returns (ITR) filing delay is something one should avoid. That is exactly what I-T department has been saying to all taxpayers across India. Notably, there are penalties involved.
Sun, Jul 21, 2019
Different forms of returns of income are prescribed for filing of returns for different Status and Nature of income.
Fri, Jun 28, 2019
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.
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.
Wed, Mar 27, 2019
Income Tax department can impose a minimum penalty of Rs 3000, but it can increase upto Rs 2.5 lakh depending upon the amount you have avoided in returns.
Wed, Sep 26, 2018
The CBDT extended the deadline for filing Income Tax Return (ITR) and audit report for the financial year 2017-18.
Mon, Jul 30, 2018
Income Tax Return (ITR) filing: Income Tax department has now extended the deadline for filing ITR up to August 31, 2018 from previous July 31. However, taxpayers should know the full picture.
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.
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
Wed, Aug 02, 2017
Ministry of Finance extended the deadline to file Income Tax Return by one week and to link PAN with Aadhaar till August 31. You can link Aadhaar with PAN by four ways.
Mon, Jul 31, 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
Return filing is nothing but a declaration from your side to the government and it reports your income from all the sources as specified under the income tax act as earned during the previous year.
Many taxpayers are facing hard times in filing their Income Tax Returns they have been requesting IT-department to extend the deadline.
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