Mon, Jan 01, 2024
The total number of audit reports and other forms filed during the period is 1.60 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of the preceding year, the Central Board of Direct Taxes (CBDT) said on Monday.
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Tue, Dec 26, 2023
ITR Filing Last Date 2023: This amount is reduced to Rs 1,000 for those taxpayers whose total income does not exceed Rs 5 lakhs.
Tue, Aug 29, 2023
As per the Income Tax Act 1961, pension is also considered as a source of income and thus becomes taxable as per the taxpayer’s respective tax slabs.
Wed, Apr 03, 2019
ITR is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department.
Mon, Apr 01, 2019
The Income Tax department has firmly said, it is mandatory to quote Aadhaar number for filing the return as required under section 139AA(1)(ii), unless they are exempted under sub section 3.
Sat, Mar 30, 2019
The department also allows a taxpayer to avail various benefits one such is ITR where one can get their refund and reduce taxes. Another way to save taxes is to opt for tax-saving schemes.
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.
Tue, Mar 26, 2019
Income Tax return (ITR) filing: The fiscal is set to end and a new one starts on April 1, 2019. Taxpayers cannot invest after 31st March, 2019. In fact, only one week left for investments to be by salaried employees under Section 80C, Section 80D. So, if you do not want to lose money, start investing now! Also, do not forget to keep your investment detail receipts safe.
Fri, Mar 22, 2019
There is a certain category of people that is not mandated to link their PAN with Aadhaar. This exempted category includes individuals residing in the states of Assam, Jammu & Kashmir and Meghalaya; individuals who are non-resident; those individuals who are 80-year-old or above; and individuals who are not a citizen of India.
Thu, Mar 21, 2019
Income Tax tips: Best period of claiming maximum tax benefit is at the beginning of fiscal year. This is because, by starting an early investment will help you earn more gains and also reduce your tax burden.
Tue, Mar 19, 2019
There is a penalty levied and other inconveniences and consequences that stem from not filing your Income Tax Return (ITR).
Fri, Mar 15, 2019
When you seek or accept a job at a company, your first priority would be a handsome salary package. It is not just the take-home part you should look at. But thereafter, income tax return (ITR) filing should be the next big important factor.
Thu, Mar 07, 2019
If you fall in the income tax slab, you need to do tax planning, and for that you should be aware of total income and tax liability to save your tax. Most of us do our savings that fall under Section 80C of the Income Tax Act, 1961 for deduction of taxes.
Tue, Mar 05, 2019
Income tax return (ITR) filing: Employees from the private sector as well as of PSUs have received a big gift of money from the PM Narendra Modi led NDA government. Tax free gratuity limit has been hiked. In fact it has been doubled.
Tue, Feb 26, 2019
As an alert to taxpayers, the Income Tax department has already announced that the last date to link PAN card with Aadhaar card is March 31. It must be done to file income tax return (ITR).
Mon, Feb 25, 2019
Fraudsters gets hold of a careless individual with the promises of an income tax return and instead, results into the victim losing a lot of his hard earned money.
Tue, Feb 19, 2019
Income tax return: Sections like 80C, 80D, 80E and 80EE will help you save big money on your salary.
Thu, Feb 07, 2019
Income Tax Return (ITR) filing: According to section 192A, payment of accumulated balance of provident fund which is taxable in the hands of an employee.
Mon, Feb 04, 2019
If your bank has deducted the TDS from your interest income on FDs, then you can declare the deducted amount in your ITR filing form and the IT department will automatically refund your paid sum in your bank account.
Mon, Jan 28, 2019
Even your interest earned on savings account fall under this bracket. But do not be sadden, as there is also a section in IT Act which helps you claim a certain sum every year on your savings account interest.
Fri, Jan 25, 2019
Income Tax return Filing Tips: Investments are never easy! Each financial product comes with its own pros and cons, often leaving you confused about the ideal product to actually buy.
An employee has to declare taxable allowances in ITR forms either through offline or online to file for returns. Simply put, ITR helps in reducing the cost of taxes you pay on allowances.
Mon, Jan 21, 2019
But often many delay in filing their ITR due to various reason, one of which can be also not knowing the exact form to file.
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