Mon, Sep 02, 2019
ITR filing: The CBDT stated that out of 5.65 crore ITRs filed so far, 3.61 crore ITRs have been verified.
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Wed, Jul 10, 2019
Last minute rush always works negative against taxpayers, as chances of errors while filing income tax returns are higher.
Mon, Jul 10, 2017
Form no 16 is issued once in a year, on or before 31st May of the next year immediately following the financial year in which tax is deducted.
Wed, Jun 21, 2017
Aadhaar card is a must for your Income Tax returns this year. Due date for IT returns are usually on July 31 of every year.
Wed, Mar 29, 2017
Income Tax Department will introduce simplified e-filing of Income Tax return form on April 1 this year which will do away with some columns while filing the the IT returns.
Wed, Feb 22, 2017
"There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in bank accounts between November 8 and December 30, 2016. Very clear thresholds have been set for tax department to take up deposits for verification. I repeat, it is for verification and not scrutiny or assessment," a senior Finance Ministry official said.
Wed, Jul 20, 2016
Even if there is no income tax that you are required to pay after claiming deductions, you still need to file your tax returns as long as your gross income is Rs 2.5 lakh or more.
However, there is a big gap in the information about income taxes. The new generation doesn’t have enough knowledge on how to approach income tax return e-filing. Many don’t even know if they are supposed to e-file their returns or not. Well, that’s one subject of ambiguity that we’re here to solve.
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