Sat, Aug 24, 2019
ITR filing: If you could not file income tax return till the due date, August 31, 2019, you will have to pay penalty amount ranging from Rs 5,000 to Rs 10,000 depending on the degree of delay.
More >
Mon, Jul 22, 2019
Income Tax returns (ITR) filing delay is something one should avoid. That is exactly what I-T department has been saying to all taxpayers across India. Notably, there are penalties involved.
Tue, Aug 14, 2018
Section 54 provides that the capital gains arising on the sale of a long-term capital asset being a residential property shall be exempt from capital gain if the said capital gains are reinvested in another house property within stipulated time period. The section 54 provides exemption only in case of purchase or construction of one residential house property.
Tue, Sep 06, 2016
While salaried employees usually file ITR-1 or ITR-2 or 2A, F&O traders and those who conduct intra-day trading must file ITR-4.
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.
Mon, Jun 20, 2016
ClearTax, which started in 2011, has come out with a platform that claims you to file your income tax return within 7 minutes.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
