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.
Sat, May 25, 2019
ITR filing: CBDT has extended the due date of depositing tax deducted at source (TDS) for the month of April, 2019 from 7th of May, 2019 to the 20th of May, 2019.
The Central Board of Direct Taxes (CBDT) has recently revised the norms related to Form 15 H, which is applicable to persons aged above 60 years. The new rule will consider the provision of Section 87A, according to CBDT notification.
Wed, May 22, 2019
FDs have higher interest rates when compared to other savings accounts. Proceeds from FDs can be availed monthly, quarterly, half year and annually.
Tue, May 21, 2019
The Income Tax department has introduced many ways to e-verify returns.
Thu, May 16, 2019
A little over 2 weeks are left for May to end, there are a host of due dates you would not want to miss out in regards to your tax-related services.
Wed, May 15, 2019
The more you delay your ITR filing, the likelihood of being slapped with penalties increases.
Tue, May 14, 2019
The ITR3 form is applicable to an individual or a Hindu Undivided Family who has any income chargeable to tax under the head business or profession.
Mon, May 13, 2019
ITR4 form is called as SUGAM, and can be used by an Individual/HUF/Firm (Other than LLP) whose total income for the year.
Mon, May 06, 2019
The CBDT in its statement on Monday said the 6.74 crore income tax returns filed in the 2017-18 fiscal included 5.47 crore income tax returns (ITRs) for Assessment Year (AY) 2017-18.
ITR form 2 is meant for those taxpayers who are individuals and Hindu Undivided Family (HUF) not carrying business or profession under any proprietorship.
Thu, May 02, 2019
ITR filings: The process of ITR filing needs various documents, therefore, ahead of the last date for filing your Income Tax Return for the assessment year 2019-20, July 31, 2019, you should ensure that it is done prior to the scheduled date.
Wed, May 01, 2019
There are various ITR forms available such as ITR1, ITR2, ITR3, ITR4, ITR5, ITR6 and ITR7 that must be duly filled depending on income category of a taxpayer.
Tue, Apr 30, 2019
Income tax officers and GSTN, the company that handles the information technology backbone of the new indirect tax regime, will also decide on the modalities for "automatic" and "spontaneous" exchange of data.
Mon, Apr 29, 2019
Income Tax Return Filing season is here, and many of you must be planning to file ITR soon. So, here we bring you the full list of precautions which should be kept in mind and exercised while filing the return of income so as to avoid any penalty, extra charges and punishment.
Fri, Apr 26, 2019
Demand notices arrive at the end of Income Tax Return (ITR) filing, where you have communicated your income and income from other sources to Income Tax Department in ITR forms, followed by a final procedure for verification.
Tue, Apr 23, 2019
The user can opt for either Aadhaar, DSC, E-filing OTP, Net Banking or a secret question to reset their password
ITR has a prescribed set of forms which contains details of income earned by a person in a financial year and taxes paid on such income.
Fri, Apr 19, 2019
The ITR 1 form which is also referred to as ITR-1 Sahaj, must be filed by individuals whose incomes are arising from salary, pension, one house property and other sources.
Wed, Apr 17, 2019
Under section 10(13A) of Income Tax Act, a deduction is permissible for house rent allowances (HRA). However, not all amounts are tax exempted from this allowance.
One can reduce their taxes by furnishing these forms in their ITR filing. Also TDS can be claimed from the Income Tax department.
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