Mon, Jan 13, 2020
Income Tax: If you are a salaried employee and taxpayer, there are certain deadlines you need to keep in mind to ensure that you don't end up paying a hefty penalty. The Income-Tax department has already released a list of important dates which taxpayers should know for 2020.
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Tue, Dec 10, 2019
Income tax outgo can be saved by an earning individual if he or she takes advantage of these tips and thereby save money.
Mon, Oct 28, 2019
According to the CBDT, there was a demand by taxpayers across the country that the last date of ITR and tax audit report should be extended from 30 September to 31 October.
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.
Senior citizens and super senior citizens who are granted a higher exemption limit compared to the normal taxpayers.
Fri, Apr 12, 2019
In a latest alert, the Income Tax department said, “The Income Tax department never asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through email.”
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