ITR
Your ITR return can get cancelled without verification – full details here
Tue, Aug 16, 2022
Your filing of Income Tax Returns (ITR) will not be considered valid and get cancelled if you do not verify it. Everybody who has filed his ITR is required to verify his Income Tax Returns to complete the return filing process. Without verification within the stipulated time, an ITR is treated as invalid
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What is Form ITR-U? What's the concept behind an updated ITR?
Fri, Jul 22, 2022
ITR-U or updated ITR is the newest form added under Section 139 (8a) of IT Act. This new provision was added after this year's Union Budget. How does an ITR-U work? Are you eligible to file it or not? Watch the full video to know more.
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ITR Refunds: Over Rs 1.54 lakh crore Income Tax refunds issued till January 10
Thu, Jan 13, 2022
The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal. This includes 1.20 crore refunds of Assessment Year 2021-22 (fiscal ended March 31, 2021), amounting to Rs 23,406.28 crore.
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ITR for Senior Citizens: Exemption from filing Income Tax Returns for senior citizens above 75 – full details here
Mon, Jan 10, 2022
Government inserted a new section 194P in Income-tax Act,1961 which provides that senior citizens above the age of 75 years, having only pension and interest income from accounts maintained with bank in which they receive pension will be exempted from filing ITR
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