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ITR filing: 41% taxpayers yet to file Income Tax return, finds survey

ITR filing: 41% taxpayers yet to file Income Tax return, finds survey

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.

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Survey finds over 50% taxpayers yet to file Income Tax Returns

Survey finds over 50% taxpayers yet to file Income Tax Returns

Mon, Jul 25, 2022

More than 2 crore ITRs have been submitted via e-filing system, according to a Tweet from the Income Tax department last week. The number is less than half of the total ITRs submitted the year before.

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ITR filing: Must take THESE basic precautions to avoid ERRORS

ITR filing: Must take THESE basic precautions to avoid ERRORS

Wed, Jul 20, 2022

Taxpayers should ensure that other details like PAN, address, e-mail address, bank account details etc., are correct.

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Over 22% of verified ITRs processed on same day, Rs 2.24 lakh crore refunds issued in FY22

Over 22% of verified ITRs processed on same day, Rs 2.24 lakh crore refunds issued in FY22

Fri, Apr 08, 2022

The finance ministry on Friday said over 22 percent of the verified returns were processed on the same day, while the overall average processing time was only 26 days for ITR assessments in the last fiscal year.

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Income Tax: Department issues refunds of over Rs 1.92 lakh crore till March 15

Income Tax: Department issues refunds of over Rs 1.92 lakh crore till March 15

Wed, Mar 16, 2022

The income tax department on Wednesday said income tax refunds worth over Rs 1.92 lakh crore have been issued to more than 2.24 crore taxpayers so far this fiscal.

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Over 8.22 cr taxpayers in FY20, FM Nirmala Sitharaman informs Rajya Sabha

Over 8.22 cr taxpayers in FY20, FM Nirmala Sitharaman informs Rajya Sabha

Tue, Mar 15, 2022

India had 8.22 crore taxpayers, which include individuals and corporates, in 2019-20, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday.

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Income Tax department issues refunds of close to Rs 1.83 lakh crore

Income Tax department issues refunds of close to Rs 1.83 lakh crore

Thu, Feb 24, 2022

The income tax department on Thursday said it has issued refunds of close to Rs 1.83 lakh crore to more than 2.07 crore taxpayers so far this fiscal.

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Income Tax Return Filing: 6 Incomes You Must Take In Account While Filing ITR

Income Tax Return Filing: 6 Incomes You Must Take In Account While Filing ITR

Fri, Dec 17, 2021

In the income tax return (ITR) forms, incomes to be declared are broadly categorized under 6 heads...salary, business, house property, capital gains or losses and income from other sources (IFOS). Watch the full video to know why these incomes are important and how you can manage these while filing your Income Tax Return.

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ITR Filing - NEW "TAXPAYER FRIENDLY" e-filing portal to be launched on 7 June; See Features here

ITR Filing - NEW "TAXPAYER FRIENDLY" e-filing portal to be launched on 7 June; See Features here

Sun, Jun 06, 2021

A new taxpayer-friendly e-filing portal of the Income Tax Department will be launched on June 7. The website will offer a lot of new features to the taxpayers of the country.

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New Income Tax, Payroll, GST software: How it helps taxpayers, professionals, businesses and MSMEs

New Income Tax, Payroll, GST software: How it helps taxpayers, professionals, businesses and MSMEs

Fri, Jun 04, 2021

How Genius ERP helps in Income Tax, Payroll, GST?

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Centre eyes NEW revenue stream to add to GST collection! Looks to raise as much as Rs 46K cr

Centre eyes NEW revenue stream to add to GST collection! Looks to raise as much as Rs 46K cr

Wed, Feb 12, 2020

As per the letter, the Principal ADG (systems) on Feb 1, 2020 generated and shared the GSTIN wise list of the registered persons who have not discharged the due interest liability while filing their GSTR 3B returns belatedly. On perusal of said report, it was observed that the interest amounting to Rs 45,996 crores remains unpaid to the government on account of delayed payment of tax.

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19% increment in the 'Crorepati' taxpayers, IT issues the first list after demonetisation

19% increment in the 'Crorepati' taxpayers, IT issues the first list after demonetisation

Sun, Oct 13, 2019

19% increment in the 'Crorepati' taxpayers, IT issues the first list after demonetisation. Watch this video to know more in detail.

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Money Guru: Indian Govt notified the 'e-assessment scheme 2019.' Let's know about it

Money Guru: Indian Govt notified the 'e-assessment scheme 2019.' Let's know about it

Tue, Sep 17, 2019

Watch in today's Money Guru: Indian Govt notified the 'e-assessment scheme 2019.' It's a gift for taxpayers. Let's know about it.

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Income Tax Reforms: 'Acche Din' coming for individual taxpayers?

Income Tax Reforms: 'Acche Din' coming for individual taxpayers?

Tue, Aug 20, 2019

Taxpayers earning up to Rs 45-55 lakh per year may end up with a major tax relief. Watch this video to know more.

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Income Tax Return (ITR) filing deadline: Less than 2 weeks left! Do you know these changes in ITR1 SAHAJ form?

Income Tax Return (ITR) filing deadline: Less than 2 weeks left! Do you know these changes in ITR1 SAHAJ form?

Sun, Jul 21, 2019

Different forms of returns of income are prescribed for filing of returns for different Status and Nature of income. 

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Know the biggest hits of Budget 2019 that will impact you; all you want to know in brief

Know the biggest hits of Budget 2019 that will impact you; all you want to know in brief

Mon, Jul 08, 2019

The FM already believes that, India will become a $3 trillion economy by end of this current fiscal.

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Taxpayers Alert! ITR filing, TDS certificate and much more; Forget these July deadlines at your cost

Taxpayers Alert! ITR filing, TDS certificate and much more; Forget these July deadlines at your cost

Tue, Jul 02, 2019

With July 2019 kicking in, it will be a very busy month for Income-Tax return (ITR) filers and other taxpayers either, be it individuals or corporates. 

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Filing your Income Tax Return (ITR)? Ensure you do not make these 6 mistakes; check this example

Filing your Income Tax Return (ITR)? Ensure you do not make these 6 mistakes; check this example

Fri, Jun 28, 2019

If original income tax return has been filed in paper format or manually, then technically it cannot be revised by online mode or electronically.   

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Income Tax Return (ITR) filing: Availed loss on selling equities, mutual funds? Here’s how you can set them off in your tax return

Income Tax Return (ITR) filing: Availed loss on selling equities, mutual funds? Here’s how you can set them off in your tax return

Thu, Jun 20, 2019

Every day is not a positive one as far as equities and mutual funds investors are concerned. Chances of capital losses very much exist.  

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GST 2.0: Here's how return filing will change from July 2019 - Taxpayers take note, good news is near

GST 2.0: Here's how return filing will change from July 2019 - Taxpayers take note, good news is near

Tue, Jun 18, 2019

A trial is set to start for new GST return-filing from July 2019 onward, and will be implemented in a phased manner from October 2019. 

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