Wed, Apr 17, 2024
Income tax: As per CA Ruchika Bhagat, MD, Neeraj Bhagat & Co., choosing the right tax regime from the old tax regime and the new tax regime can help taxpayers save more tax.
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Fri, Apr 12, 2024
The Income Tax department has introduced an interim action plan for the fiscal year 2024-25, emphasising key focus areas such as identifying cases of TDS short-payment and expediting appeals processing.
Wed, Apr 10, 2024
Income Tax Return Filing EXCLUSIVE: The IT department plans to finish all pending refund cases by April 30th.
Wed, Mar 15, 2023
Income Tax Return filing: Income Tax is a tax levied on the income of every person by the Government of India. The provisions governing the Income-tax are covered in the Income-tax Act of 1961.
Wed, Mar 08, 2023
How to file ITR for a deceased: If a person whose income is above the threshold limit dies, then his/her legal heirs have to clear the tax dues. Here, we will tell you about the procedure, documents and steps to file ITR for a deceased person.
Sun, Feb 26, 2023
Income Tax Slabs For Senior Citizens, Income Tax Rates For Senior Citizens: Retired employees who fall between 60 and 80 years of age, have the basic exemption limit fixed at Rs 3 lakhs. In the case of super senior citizens (above 80 years), the exemption limit is set at Rs 5 Lakh.
Wed, Nov 16, 2022
In the last fiscal (2021-22), which ended on March 31, 2022, 7.14 crore tax returns were filed.
Wed, Aug 17, 2022
Wealth Guide - Income Tax Saving Tips: Under different sections of the Income Tax Act 1961, some tax rebates and exemptions are being provided by the Government of India.
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.
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