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Income tax returns (ITR) filing: What is tax avoidance
Wed, May 09, 2018
In an effort to save tax, do not take the wrong road that meanders into illegalities. The effort may tempt you to follow certain steps that may come under unlawful way of savings taxes, but do not go that way. Taking advantage of loopholes in our income tax laws to reduce tax outgo is not right.
Income tax returns (ITR) filing: Taxman warns salaried class; check out these 10 critical points
Thu, Apr 19, 2018
The advisory comes in the wake of the investigation wing of the department, in January, unearthed a racket of extracting fraudulent tax refunds by employees of bellwether information technology companies based in Bengaluru, in alleged connivance with a tax advisor. Recently, the CBI filed a criminal case to probe this nexus.
New ITR forms notified by CBDT for assessment year 2018-19
Fri, Apr 06, 2018
In case of non-residents, the requirement of furnishing details of any one foreign Bank Account has been provided for the purpose of credit of refund. Further, the requirement of furnishing details of cash deposit made during a specified period as provided in ITR Form for the Assessment Year 2017-18 has been done away with from Assessment Year 2018-19, it said.
Income tax returns (ITR) filing: Which income tax form to use; all you want to know in short and precise manner
Thu, Mar 01, 2018
Income tax returns (ITR) filing: In case you missed the deadline of July 31, 2017 to file your income tax return for the financial year ended March 31, 2017, you have the last chance to file the same belatedly by March 31, 2018 without any penalty.
Income tax returns can be filed even if you missed deadline
Fri, Feb 09, 2018
Filing income tax return after the due date is called belated return. It can be filed before the end of the assessment year.
Why to file income tax return?
Wed, Feb 07, 2018
If you do not file ITR, you are liable to be fined and prosecuted by the I-T Department.
Taxmen asked to slap higher tax rate on fraudulently revised ITR
Mon, Nov 27, 2017
The CBDT has earlier directed the assessing officers to check the “genuineness and creditworthiness” of those people to whom the assessee has reported the additional sales in the revised returns, after the note ban.
Have you missed the due date of filing your Tax Returns?
Thu, Aug 17, 2017
The due date to file your tax return is 31st July of every year, but this date is not applicable to companies or those taxpayers whose books of accounts are subject to an audit, unlike salaried employees and certain taxpayers who are not supposed to get their accounts audited. PS: The due date to file your tax return for the previous financial year i.e. 2016-17 was 31st July 2017 but the same got extended to 5th August 2017.
Income Tax: Realised a mistake after IT return processed? This Section will help you rectify
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.
Income Tax Returns filed rise 25%, advance tax collection up 41%
Mon, Aug 07, 2017
Central Board of Direct Taxes (CBDT) said, "As a result of demonetisation and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(ITRs) filed. The number of Returns filed as on 05.08.2017 stands at 2,82,92,955 as against 2,26,97,843 filed during the corresponding period of F.Y. 2016-2017, registering an increase of 24.7% compared to growth rate of 9.9% in the previous year."
Income Tax: Failed to file ITR yesterday? File belated return now
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.
Smooth filing of Income Tax returns in Chennai
Sat, Aug 05, 2017
Not much of a crowd of assesses was witnessed since many preferred to file their Income Tax Returns online.
Income Tax: This is how you can avoid errors on last day to file ITR
Sat, Aug 05, 2017
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
Income Tax offices to remain open till mid-night on August 5
Fri, Aug 04, 2017
In order to facilitate smooth filing of income tax returns, all income tax offices will remain open till mid-night on August 5, 2017.
Link your PAN with Aadhaar to process Income Tax return: Here's how
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.
Income Tax: ITR filing deadline extended till August 5
Mon, Jul 31, 2017
If you have not filed ITR today, then don't worry, you can file it till August 5, 2017.
7 important things to take care before you file your tax return on last day
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.
Is income tax filing deadline going to be extended?
Sun, Jul 30, 2017
Many taxpayers are facing hard times in filing their Income Tax Returns they have been requesting IT-department to extend the deadline.
Income Tax: Your ITR filing process not complete unless send for ITR-Verification
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.
Income Tax: A complete checklist for your ITR filing
Sat, Jul 29, 2017
ITR filing process is complicated and there are always chances of missing out some or the other step.