Income Tax Returns (ITR) filing
Income tax returns filing: Not filing your ITR? You will have to pay this massive penalty
Fri, Jul 27, 2018
This assessment year on (AY19), the Income Tax department has hiked the penalty for not filing income tax returns within the deadline of July 31, which can go as high as Rs 10,000 - the deadline has been extended by a month now, though.
More >
Income tax returns filing: Deadline looming, here is what you should never do
Wed, Jul 25, 2018
Income tax returns filing: Less than a week remains for you to file your income tax returns (ITR). As you rush to file your ITR, there are chances that you unknowingly make a mistake, which could cost you dearly. We have compiled some common mistakes. Take a look at them to avoid those:
More >
Income tax returns (ITR) filing: Not paying tax yet? Taxman set to target you
Mon, Jul 23, 2018
The Andhra Pradesh and Telangana regions have to get 10,40,218 new filers. Gujarat (9,88,101) and the Karnataka and Goa regions (7,95,626) follow the tally apart from the 12 other I-T regions in the country.
More >
How to file income tax returns? A step-by-step guide to help you do that
Tue, Jul 03, 2018
Other than sheer procrastination, one of the reasons why you may not have filed your tax returns could be lack of information. So if you are not procrastinating, but are genuinely unaware about the process, take a look at step-by-step guide to file your ITR in a correct manner:
More >
5 income tax returns filing mistakes you must avoid
Wed, Jun 13, 2018
Income tax returns (ITR) filing: The form you need depends on the amount of income, source of income, ownership of assets and so on. Filing tax return using a wrong ITR form can be treated as ‘defective'. Taxpayers will have to file a revised ITR using correct form.
More >
Income tax returns (ITR) filing: Quick guide to ensure you don't make errors
Fri, Jun 01, 2018
Income tax returns (ITR) filing: There are still 2 months to go for you to file your income tax returns. This may appear to be a long time, but it's better to file ITR returns now - there are plenty of reasons for you to file it early and none for delays, except family emergencies, of course.
More >
ITR form 2 just released; here is how to file it
Thu, May 17, 2018
The Income Tax Department has just launched the income tax return (ITR) form 2 in java format. It is now available on official e-filing portal. With this, the department has activated a total of three Income Tax Returns (ITRs) that includes ITR-1 or Sahaj and ITR-4.
More >
ITR alert! 5 things employees must keep in mind before filing Income Tax Returns
Thu, May 17, 2018
While the ITR filing deadline for assessment year 2018-19 is July 31, 2018, it is advisable to plan your finances well in advance to avoid last-minute hassle. To help you with that, we have compiled five key tasks that you must complete before getting on with filing income tax returns:
More >
Income tax returns filing form-2 released; should you use it? Find out
Wed, May 16, 2018
The Income Tax Department has just released another income tax returns filing form for the assessment year (AY) 2018-19. The new form ITR-2, the third income return form, is now available on official e-filing portal.
More >
Income tax returns (ITR) filing: Pay cut in offing unless you do this one thing quickly
Fri, Apr 20, 2018
Income tax returns (ITR) filing: If your total income in a financial year is below the taxable limit, you can fill up Form 15G or 15H to avoid TDS. One can use forms 15G and 15H, as applicable, to avoid tax on interest income from bank deposits too.
More >
Income tax returns filing: How to make the best use of Section 80C
Mon, Apr 09, 2018
Income tax returns filing: Section 80C of the Income Tax Act is one of the most popular methods to save income tax. It offers an outer limit of Rs 150,000 as a deduction from total taxable income if such amount is invested in specified assets.
More >
Income tax returns (ITR) filing: Here is what offers the best returns
Thu, Apr 05, 2018
Income tax returns (ITR) filing: People who have just started their career normally tend to have low taxable income resulting from lower tax liability. Thus deduction limit of Rs 1,50,000 may not be required to be exhausted in entirety and they can use their EPF contributions if any for claiming deductions under Sec 80C.
More >
E-filing income tax returns: Plea in HC against Aadhaar card requirement
Thu, Apr 05, 2018
E-filing income tax returns: The bench said that the I-T department will not insist on linking of Aadhaar or quoting of the Aadhaar number or its enrolment number in the returns filed by the two lawyers.
More >
Income tax returns (ITR) filing: 10 things set to change from April 1
Fri, Mar 30, 2018
Income tax returns (ITR) filing: Knowing the changes in tax laws at the beginning of the new financial year will help you plan your taxes meticulously. To avoid any last minute rush next time around, and to ensure optimum tax savings, plan your investments and insurance purchases wisely in line with the tax laws.
More >
Income tax returns (ITR) filing: Deloitte's Anurag Jain on last minute tax tips
Fri, Mar 30, 2018
Income tax returns (ITR) filing: People who failed to file their taxes would be regarded as non-compliant tax payers. Besides the interest and penalty levied by the tax department, they would also start receiving notices and investigations from the I-T dept.
More >
Income tax returns (ITR) filing: A to-do list for filing belated returns before Mar 31; WATCH VIDEO
Wed, Mar 28, 2018
Income tax returns (ITR) filing: One needs to take stock of all the sources of income and categorise them under the various heads of income. For instance, reconciling salary income to the Form 16 is always the best practice since the details are shared with the income tax department on a quarterly basis and any mismatch may result in a notice.
More >
