Advance tax, PAN-Aadhaar linking: Important dates to lookout for in March
1 year, 9 months ago

Advance tax, PAN-Aadhaar linking: Important dates to lookout for in March

Live Mint  

There are various financial deadlines that one needs to know before it ends on March 31, which ranges from PAN-Aadhaar linking, to payment of advance tax. Here's a list of things that one needs to look out for: PAN-Aadhaar linking The Income Tax Department has made it mandatory for PAN holders to link it with Aadhaar by the end of March this year or it will be rendered ‘inoperative.’ Individuals will be restricted from filing the income-tax return or accessing PAN-related services failing to link Aadhaar and PAN card by 31 March, 2023. Advance tax payment The last date to pay final installment of advance tax payment for Financial year 2022 - 2023 is 15th March, 2023, according to the Income Tax department. File updated ITR for FY19-20 The deadline to file updated income tax return for FY 2019-20 is March 31, 2023.

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History of this topic

ITR advance tax deadline today: Who all should pay these taxes? All you need to know
1 week, 2 days ago

ITR advance tax deadline today: Who all should pay these taxes? All you need to know

Live Mint  

As the third installment of advance tax is due on December 15, taxpayers are reminded of the importance of adhering to this deadline to stay compliant and avoid penalties. Advance tax, often referred to as the "pay-as-you-earn" tax, is a requirement for individuals and businesses whose tax liability for the financial year exceeds ₹10,000. Salaried individuals are also required to …

ITR Advance Tax Deadline Today: Know how to pay tax before due date to avoid penalty
1 week, 2 days ago

ITR Advance Tax Deadline Today: Know how to pay tax before due date to avoid penalty

India TV News  

The advance tax deadline is nearing and taxpayers with an income tax liability exceeding Rs 10,000 must pay advance tax by December 15. According to Section 208 of the Income Tax Act, 1961, taxpayers with an estimated tax liability of over ₹10,000 in a year, are required to pay tax in installments in the form of advance tax. As per …

ITR advance tax deadline on December 15: What is it? How to pay tax before due date? Here’s all you need to know
1 week, 2 days ago

ITR advance tax deadline on December 15: What is it? How to pay tax before due date? Here’s all you need to know

Live Mint  

ITR Advance Tax: The deadline for the third instalment of advance tax is December 15, 2024. However, senior citizens, i.e., taxpayers above the age of 60 years during the current financial year, who do not have any income from a job or a business, are not required to pay advance tax. Instalment dates for advance tax First instalment: Advance tax …

Income tax news: How much money you can save if you pay advance tax on or before December 15— explained
1 week, 2 days ago

Income tax news: How much money you can save if you pay advance tax on or before December 15— explained

Live Mint  

The term "advance tax" describes the portion of income tax that must be paid in instalments by the deadlines rather than all at once. If taxpayers' income tax liability exceeds ₹10,000, they must pay advance tax; otherwise, they will be subject to penalties and penal interest. You can avoid interest penalties under Sections 234B and 234C of the Income Tax …

Income tax news: What happens if taxpayers fail to pay advance tax payment on December 15?
1 week, 4 days ago

Income tax news: What happens if taxpayers fail to pay advance tax payment on December 15?

Live Mint  

Advance tax payment: The deadline to make your advance tax payment is fast approaching — in only three days, on December 15. For advance tax payments done on or before June 15 — 15 per cent of the dues can be paid. For advance tax payments done on or before September 15 — 45 per cent of the dues can …

Advance tax deadline on December 15: What happens if you miss it
1 week, 5 days ago

Advance tax deadline on December 15: What happens if you miss it

India Today  

Paying taxes in advance can help you avoid penalties. Taxpayers with an income tax liability exceeding Rs 10,000 must pay advance tax in four instalments—June 15, September 15, December 15, and March 15. PAYMENT DEADLINE ADJUSTMENT FOR PUBLIC HOLIDAYS If the due date for advance tax payment falls on a public holiday, taxpayers can make the payment on the next …

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details
1 month, 2 weeks ago

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details

Live Mint  

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it's the last week left for taxpayers whose accounts are audited or …

Advance tax first instalment payment: Who has to pay, penalty for missing
6 months, 1 week ago

Advance tax first instalment payment: Who has to pay, penalty for missing

Hindustan Times  

Paying income tax in installments throughout the year rather than paying it all at once at the end of the year is advance tax. Advance tax first instalment payment: Taxpayers are required to pay advance tax in four quarterly payments between June 15 and March 15 of the financial year. Taxpayers are required to pay advance tax in four quarterly …

10 personal finance deadlines to watch out this June
6 months, 3 weeks ago

10 personal finance deadlines to watch out this June

Hindustan Times  

This June will see a number of financial changes taking place. After June 14, 2024, there’s a charge of Rs.50 for updating your proof of identity and address, the Economic Times wrote 6) Swiggy-HDFC Bank credit card cashback Beginning June 21, cashback for the Swiggy HDFC Bank credit card will be adjusted against the card statement balance for the following …

Income Tax department issues fresh reminder on PAN-Aadhaar linking to avoid higher TDS. Check details
6 months, 3 weeks ago

Income Tax department issues fresh reminder on PAN-Aadhaar linking to avoid higher TDS. Check details

India TV News  

The Income Tax Department has issued a fresh notification to taxpayers, asking them to link their Permanent Account Number with Aadhaar by May 31, 2024. Linking your PAN with your Aadhaar by May 31 ensures you don’t face higher tax deduction/tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for transactions …

Calculating Your Taxes Made Easy: Advance Tax vs Self-Assessment
7 months, 3 weeks ago

Calculating Your Taxes Made Easy: Advance Tax vs Self-Assessment

News 18  

In India, advance tax denotes the tax individuals, companies, and businesses pay ahead of time instead of deferring payment until the end of the financial year. As per section 208, every person whose estimated tax liability for the year is Rs 10,000 or more, shall pay his tax in advance, in the form of ‘Advance Tax’. The presumptive taxation scheme …

Income tax deadlines in April 2024: Know essential dates as per IT department
8 months, 3 weeks ago

Income tax deadlines in April 2024: Know essential dates as per IT department

Hindustan Times  

Income tax deadlines: India’s financial year system follows the April to March cycle- starting on April 1 and ending on March 31 the following year. Income tax deadlines: Here's a look at the tax calendar for April 2024 as per the income tax department. Here's a look at the tax calendar for April 2024 as per the income tax department: …

Zerodha’s Nithin Kamath urges traders to file advance taxes before March 15 deadline
9 months, 1 week ago

Zerodha’s Nithin Kamath urges traders to file advance taxes before March 15 deadline

Live Mint  

As the March 15 deadline for filing advance taxes is nearing, Zerodha co-founder and chief executive officer Nithin Kamath on Tuesday urged traders to file taxes on time and also asked them to check a quick guide to file taxes on the stock broker platform. But most traders ignore this and end up with notices.” “March 15th is the deadline …

Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
9 months, 1 week ago

Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax

Hindustan Times  

The deadline for submitting an updated income tax return for the financial year 2020-21 is on March 31. The provision allows taxpayers who missed filing their return for the said financial year or failed to report any income to file an updated ITR. There is no financial imposition on individuals wishing to furnish an updated return but they have to …

Advance tax liability: You need to pay advance income tax by this date to avoid penalties
9 months, 1 week ago

Advance tax liability: You need to pay advance income tax by this date to avoid penalties

Hindustan Times  

Advance Income Tax: Annual income and annual tax liability result in the decision on whether you need to pay advance tax or not. In case a taxpayer's annual tax liability for the financial year after subtracting tax deducted at source is more than ₹10,000, they need to pay advance tax so that they can avoid penal interest. Advance Income Tax: …

Income Tax: Taxpayers get intimation for paying lower advance tax
1 year, 3 months ago

Income Tax: Taxpayers get intimation for paying lower advance tax

Live Mint  

Between April and August of this year, the Income Tax Department dispatched notifications to approximately 500,000 taxpayers regarding “zero” and “lower advance tax payments”, as revealed by an official familiar with the situation to Business Standard. The department’s analysis highlighted approximately 2.5 million instances in which taxpayers with substantial incomes and significant high-value purchases made little to no advance tax …

ITR filing last date today: What to do if you miss the July 31 deadline?
1 year, 4 months ago

ITR filing last date today: What to do if you miss the July 31 deadline?

India TV News  

The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today According to the Income Tax Department on Sunday, over 6 crore tax returns have been filed for the previous year, and over 11 lakh returns have been filed upto 12 pm on …

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today
1 year, 5 months ago

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today

Live Mint  

On the occasion of 164th Income Tax Day celebrations, Finance Minister Nirmala Sitharaman will join the celebration at Plenary Hall, Vigyan Bhawan, New Delhi on Monday. @nsitharaman will preside over the 164th Income Tax Day celebrations in the presence of Union Minister of State for Finance Shri @mppchaudhary, tomorrow, 24th July 2023, from 18.00 Hours IST onwards at Plenary Hall, …

ITR Filing: What is ITR-6, how to file online for AY 2023-24
1 year, 6 months ago

ITR Filing: What is ITR-6, how to file online for AY 2023-24

India Today  

An income tax return is basically a document that is filed as per the provisions of the Income Tax Act, reporting one’s income, profits and losses, and other deductions as well as details about a tax refund or tax liability. Companies, except those claiming exemption under section 11 due to their income from the property being held for charitable or …

PAN-Aadhaar Linking, Higher EPF Pension, And Other Important Personal Finance Deadlines In June 2023
1 year, 6 months ago

PAN-Aadhaar Linking, Higher EPF Pension, And Other Important Personal Finance Deadlines In June 2023

ABP News  

From the deadline for applying for a higher pension to PAN-Aadhaar linking, June 2023 is crucial for some important personal finance tasks that need to be completed. PAN-Aadhaar linking In March 2023, the Finance Ministry extended the deadline to link PAN with Aadhar till June 30, 2023. June 14, 2023 The due date for issuing TDS certificates for tax deducted …

Aadhaar-PAN Link, Advance Tax, TDS Challan: These 5 Dates In June You Can't Miss
1 year, 6 months ago

Aadhaar-PAN Link, Advance Tax, TDS Challan: These 5 Dates In June You Can't Miss

News 18  

Income Tax Dates June, 2023: Having knowledge of the important dates pertaining to taxation is essential for taxpayers in order to prevent penalties, effectively handle their finances, meet filing deadlines, and remain informed about any modifications in tax laws and regulations. Due Dates For June 2023 According to the tax calendar given on the official website of the Income Tax …

From PAN-Aadhaar link to EV interest benefit, 5 tax rules to end on March 31
1 year, 8 months ago

From PAN-Aadhaar link to EV interest benefit, 5 tax rules to end on March 31

Live Mint  

March is not just a busy month for closing the financial accounts, but also a very important period for taxpayers. As per Abhishek Soni, Co-founder & CEO of Tax2win, a Fisdom company, taxpayers should take note that there are several tax rules that have a deadline of March 31, 2023. Under section 80 EEB of the Income Tax, individuals can …

Income Tax: How Advance And Self-Assessment Taxes Are Calculated And Paid?
1 year, 9 months ago

Income Tax: How Advance And Self-Assessment Taxes Are Calculated And Paid?

News 18  

Income Tax: In India, advance tax refers to the tax that is paid by individuals, companies, and businesses in advance, rather than waiting to pay it all in a lump sum at the end of the financial year. As per section 208, every person whose estimated tax liability for the year is Rs 10,000 or more, shall pay his tax …

ITR filing last date for FY 2019-20: How much additional tax do you need to pay?
1 year, 9 months ago

ITR filing last date for FY 2019-20: How much additional tax do you need to pay?

Live Mint  

ITR filing last date for FY 2019-20: The deadline to file an updated income tax return for FY 2019-20 is 31 March 2023. An updated income tax return or ITR-U is a form that allows taxpayers to file the ITR or to correct errors or omissions on their ITRs up to two years from the end of the relevant assessment …

New ITR Forms For AY 2023-24: Know The Key Changes
1 year, 10 months ago

New ITR Forms For AY 2023-24: Know The Key Changes

Live Law  

On February 10, 2023, the Central Board of Direct Taxes announced the tax return forms for the financial year 2022–2023.This year, ITR forms were announced in advance, which is a very positive step toward making compliance easier. The disclosure and reporting requirements on tax return forms will be better understood by taxpayers.Here are the key changes:Separate section for. Here are …

CBDT Notifies ITR Forms For Assessment Year 2023-24
1 year, 10 months ago

CBDT Notifies ITR Forms For Assessment Year 2023-24

Live Law  

The Central Board of Direct Taxes has notified the ITR forms for the assessment year 2023–24.The Board has notified the Income-tax Rules, 2023, which shall come into force with effect from April 1, 2023.The Board has notified the Indian Income Tax Return Forms, namely ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, and ITR-V, and the Indian Income Tax. The …

ITR Filing AY 2022-23: Rs 5,000 Penalty if you Miss Income Tax FY22 Deadline; Know Details
2 years, 4 months ago

ITR Filing AY 2022-23: Rs 5,000 Penalty if you Miss Income Tax FY22 Deadline; Know Details

News 18  

ITR Filing for AY22-23: Tax season is almost coming to an end with the deadline to file income tax returns ending this week on July 31, which is this Sunday. Over 3.4 crore ITRs filed till 26th July, 2022 & about 30 lakh ITRs filed on 26th July, 2022 itself.The due date to file ITR for AY 2022-23 is 31st …

Income tax return: Missing ITR filing last date may land you in jail
2 years, 4 months ago

Income tax return: Missing ITR filing last date may land you in jail

Live Mint  

ITR filing for AY 2022-23: The due date for income tax return filing for the financial year 2021-22 or for the assessment year 2022-23 is fast approaching as ITR filing due date is 31st July 2022. However, in case a taxpayer misses to file is ITR by given last date of 31st December 2022, then in that case the income …

ITR: Are you a salaried employee? You should use this form for income tax return
2 years, 4 months ago

ITR: Are you a salaried employee? You should use this form for income tax return

Hindustan Times  

Have you filed your income tax returns yet? The Narendra Modi has said it is not considering extending the last date for filing income tax returns, i.e July 31. The income tax department on Monday said more than three crore returns have been filed through the e-filing portal till date for the financial year 2021-22. In the last fiscal year, …

ITR Due Date AY22-23: Deadline Remains July 31; Govt Not Considering Extending It
2 years, 5 months ago

ITR Due Date AY22-23: Deadline Remains July 31; Govt Not Considering Extending It

News 18  

Revenue Secretary Tarun Bajaj on Friday said the government is not considering extending the July 31 deadline for filing the income tax return. So, for now, individuals who do not need to get their income accounts audited must file ITR for the assessment year 2022-23 by July 31. Over 2.3 crore income tax returns were filed till July 20 for …

ITR filing for AY 22-23: Know last date and penalty if you miss deadline
2 years, 5 months ago

ITR filing for AY 22-23: Know last date and penalty if you miss deadline

Live Mint  

ITR filing for AY 22-23: The due date for income tax return filing for the financial year 2021-22 or for the assessment year 2022-23 is fast approaching. They penalty will be charged in the form of late fee that a taxpayer will have to pay if they fail to file their ITR by given due date of 31st July 20222. …

ITR Due Date AY 22-23: Know Last Date of Filing ITR for FY22 for Salaried, Companies, Others
2 years, 5 months ago

ITR Due Date AY 22-23: Know Last Date of Filing ITR for FY22 for Salaried, Companies, Others

News 18  

ITR Due Date AY 22-23: If you are an earning individual, you must pay income tax. The last date of filing income tax return for financial year 2021-22 or assessment year 2022-23 is July 31, 2022. 2) The last date for filing income tax return for Hindu Undivided Families, who do not need an audit, is also July 31, 2022. …

PAN-Aadhaar Linking, Income Tax, Credit Card Rules: 6 Money Rule Changes from Today
2 years, 5 months ago

PAN-Aadhaar Linking, Income Tax, Credit Card Rules: 6 Money Rule Changes from Today

News 18  

The new month has kicked in and from July 1, there will be a host of financial changes in financial matters. From PAN-Aadhaar linking, income tax rule changes, to TDS on cryptocurrencies and LPG cylinder price drop, here are some of the money rule changes from July 1. 2. Credit Card Rules Change From July 1, rules relating to issuance, …

ITR filing for FY 2021-22: Documents required to file your Income Tax Return
2 years, 5 months ago

ITR filing for FY 2021-22: Documents required to file your Income Tax Return

India Today  

The last date to file Income Tax Return for FY 2021-22 is July 31, 2022. The procedure of filing an Income Tax Return varies as per the income earned per year and income source like salary, business profit, investment profit and so on. Generally, the required documents are Copy of PAN card, Copy of AADHAR card, Bank Statement / Bank …

Income Tax Return filing | Last date, details on new forms & complete checklist
2 years, 5 months ago

Income Tax Return filing | Last date, details on new forms & complete checklist

Hindustan Times  

Income Tax return filing for Assessment Year 2022/23 is now available on the government's e-filing portal. As per Income Tax Act provisions, the last date to file ITR for AY 2022/23 is July 31, 2022. Representative image ITR filing for AY 2022/23 | What's new and how to file income tax returns: New forms: The income tax department has notified …

Income Tax: Last Date to Pay First Advance Tax Today; Calculation, What Happens if You Miss
2 years, 6 months ago

Income Tax: Last Date to Pay First Advance Tax Today; Calculation, What Happens if You Miss

News 18  

Advance tax is the amount of income tax that should be paid in advance during the financial year instead of paying lump-sum amount at the end. According to Section 208 of Income Tax Act, a taxpayer needs to pay advance tax if his or her tax liability is Rs 10,000 or more in a financial year. Taxpayers are required to …

Income tax return: Don't miss out ITR filing over assessment year, financial year confusion
2 years, 7 months ago

Income tax return: Don't miss out ITR filing over assessment year, financial year confusion

India Today  

Covid pandemic forced the government to extend the deadline for filing the income tax return several times. While the last date for filing ITR for the assessment year 2021-22 was March 31 this year, it's time for taxpayers to file tax returns for AY 2022-23. ITR FORMS Income taxpayers must take note that the Finance Ministry has notified new ITR …

ITR filing last date today: Income Taxpayers must know these points
2 years, 8 months ago

ITR filing last date today: Income Taxpayers must know these points

India Today  

The income tax return filing last date is on Thursday. Today is the last date for filing belated ITR for AY 2021-22 & linking PAN with Aadhaar. Taxpayers who have missed the due date to file their ITRs can file belated income tax returns for AY 2021-22 today. If original returns had been filed before the due date, revised Income …

New income tax rules: Know major changes in ITR from April 1
2 years, 8 months ago

New income tax rules: Know major changes in ITR from April 1

India Today  

The Central Board of Direct Taxes will be introducing a slew of major changes to the income tax from April 1 under the Income-tax Rule 2021. While the crypto taxation to be introduced from April 1 has been the prime point of concern among many, the government has also incorporated some changes in filing of updated returns, new tax rules …

ITR filing last date: No refund, higher TDS likely if income taxpayers don't file returns
2 years, 8 months ago

ITR filing last date: No refund, higher TDS likely if income taxpayers don't file returns

India Today  

The income tax return filing last date is March 31, 2022 and non-filers may not get any income tax refund, if due. Apart from this, taxpayers who won't file ITR, may be required to pay higher Tax Deducted at Source. #FileNow Pl visit: https://t.co/GYvO3n9wMf#ITR pic.twitter.com/cfXpKPEgp8 — Income Tax India March 25, 2022 Those who won't file ITR by March 31, …

ITR Filing, PAN-Aadhaar Link, Others: 5 Tasks Taxpayers Should Complete by March 31
2 years, 8 months ago

ITR Filing, PAN-Aadhaar Link, Others: 5 Tasks Taxpayers Should Complete by March 31

News 18  

Income Tax Deadline: The ongoing financial year is on its way to end this week and this should remind salaried taxpayers to finish a slew of tax-related tasks before March 31, which is a crucial deadline for them. From filing belated income tax return to planning your taxes, March 31 is the last date to do it all to avoid …

Income Tax Planning: PAN-Aadhaar Linking, 4 Important Tasks Need to be Done by March 31
2 years, 9 months ago

Income Tax Planning: PAN-Aadhaar Linking, 4 Important Tasks Need to be Done by March 31

News 18  

With March coming to an end, a lot of money-related deadlines would end along with the current financial year FY2021-22. Besides these, from the last day of filing belated income tax returns to linking your PAN-Aadhaar, the month of March has some other crucial deadlines for your money matters as well. Belated ITR filing The deadline for belated ITR filing …

How to file income tax return: Step-by-step guide, documents needed
2 years, 9 months ago

How to file income tax return: Step-by-step guide, documents needed

Hindustan Times  

Here is everything you need to know about filing ITRs. Resident individuals, for example, with less than ₹50 lakh in annual income, no more than one house owned and minimal agricultural income must file ITR 1. Form 26AS - this is an annual statement that includes details of TDS Step-by-step guide to filing Income Tax Return Log on to the …

ITR filing, PAN-Aadhaar linking last date for income taxpayers | Top points
2 years, 9 months ago

ITR filing, PAN-Aadhaar linking last date for income taxpayers | Top points

India Today  

Income taxpayers must file a belated ITR, revised return and link Aadhaar and Permanent Account Number at the earliest as the date for completing these procedures is nearing. ITR FILING LAST DATE "Taxpayers and tax professionals are also requested to note that the last date of filing belated return, revised return, linking of Aadhaar and PAN and compliance to the …

Income tax: Things to do before the financial year draws to a close
2 years, 9 months ago

Income tax: Things to do before the financial year draws to a close

Live Mint  

It's that time of the year when taxpayers must tie all loose ends before the financial year comes to an end. When you calculate income tax liability and it is estimated to be Rs 10,000, you are liable to pay advance tax before the last date. In case taxpayers have earned income through other sources such as capital gains, interest …

ITR last date: Taxpayers must file income tax returns by March 15
2 years, 9 months ago

ITR last date: Taxpayers must file income tax returns by March 15

India Today  

The income tax department has an important update for taxpayers. Pl visit: https://t.co/GYvO3n9wMf #ITR #FileNow pic.twitter.com/etNHD5mIvy — Income Tax India March 14, 2022 ITR FILING LAST DATE The last date for filing ITR for auditable cases for 2021-22 is March 15. "The extended due date to file ITR for this category for AY 2021-22 is 15th March, 2022," Income Tax …

5 Major financial things to be done before March 31, 2022
2 years, 9 months ago

5 Major financial things to be done before March 31, 2022

India Today  

The balance sheet and income statements of companies are prepared by organisations across the world in a period of one year. Here is the list of 5 major financial things that need to be done before March 31: 1. Advance Tax filing: According to the Income Tax Law of India, it is considered that people with a tax liability of …

Income Tax Planning to PAN-Aadhaar Linking: 5 Financial Deadlines to Remember in March
2 years, 9 months ago

Income Tax Planning to PAN-Aadhaar Linking: 5 Financial Deadlines to Remember in March

News 18  

As we enter the last month of the existing financial year 2021-22. Despite being aware of this deadline, most of the investors postpone their income tax planning to the last minute. Last Date for Filing Belated Returns The deadline for filing the income tax return for the Financial Year 2020-21 or Assessment Year 2021-21 ended on December 31, 2021. A …

ITR filing: Missed December 31 deadline? Here's what you can do
2 years, 11 months ago

ITR filing: Missed December 31 deadline? Here's what you can do

Hindustan Times  

The last date to file the Income Tax Return for the financial year 2020-21 was December 31. Nearly 5.89 crore income tax returns for the 2020-21 fiscal were filed on the new e-filing portal till the December 31 deadline. The last date to file revised income tax returns for assessment year 2021-22 is March 31, 2022. Nearly 5.89 crore income …

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