Thu, Nov 26, 2020
The Government has extended the deadline to 31st December, 2020 and 31st January, 2021 for taxpayers. Mr. Rahul Jain, Head of Edelweiss Wealth Management guides taxpayers through the last minute hassle of filing various ITR forms. With proper classification, he has mentioned the 7 forms which needs to be filled as per the purpose. The extension of income tax return filing for FY 2019-20, was one among the several relief measures announced by the Government, given the COVID-19 pandemic. The date was extended to November 30, for all taxpayers versus the usual deadline of July 31.
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Fri, Jun 28, 2019
With new Income Tax return changes in place, it is important you do not make mistake and have every document ready.
If original income tax return has been filed in paper format or manually, then technically it cannot be revised by online mode or electronically.
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.
Tue, May 28, 2019
Form ITR5 is for taxpayers other than individuals, Hindu Undivided Family, companies and persons filing Form ITR-7.
Wed, May 01, 2019
Different forms of tax returns are prescribed for taxpayers depending on Status and Nature of income.
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.
Mon, Dec 31, 2018
Income Tax Department also gives a privilege to citizens in securing a portion of taxes paid in the form of ITR. In short, ITR helps in reducing the taxes a citizen is liable to pay.
Wed, Jul 11, 2018
Income tax returns filing deadline is looming . Many taxpayers are confused over various aspects of returns filing.
Mon, Jul 31, 2017
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.
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.
Tue, Jul 25, 2017
Form 16A is a tax deducted at source Certificate. While Form 16 is for only salary income, Form 16A is applicable for TDS on Income Other than Salary.
Fri, Mar 31, 2017
CBDT in one of the major reforms, notified the designing of one page ITR form to simplify the process of tax filing.
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