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.
Fri, Aug 05, 2022
More than 5.8 crore returns were filed on July 31st, the last date for ITR filing. But what happens if you miss the ITR filing deadline.
Mon, Aug 01, 2022
Large number of taxpayers did their due diligence by comparing data of their income by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS).
Income Tax India tweeted about the help desk numbers and email id, for any assistance.
Fri, Jul 29, 2022
The new survey revealed that 13 per cent respondents require "significant effort" to meet the deadline and 9 per cent admitted that it would be impossible to meet the deadline.
Thu, Jul 28, 2022
Data suggest that over 50 lakh ITRs were filed on the last date last time. This time as well, the Revenue Secretary said, that the last date could see huge traffic on the I-T filing portal, expecting around 1 crore returns on July 31.
Tue, Jul 26, 2022
The last date to file ITR is July 31 which is Sunday --a holiday for banks. ITR filing every year is the duty of taxpayers.
Mon, Jul 25, 2022
Last week, a Tweet shared by the Income Tax department said that more than 2 crores ITRs have been filed via e-filing system. The figure is less than half of the total ITRs filed in the previous year.
Sat, Mar 12, 2022
Learning the difference between tax exemption, rebate and deduction is quite important for taxpayers. If you understand these three terms, you can save a lot of tax at your end.
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.
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