Income Tax Return 2019 Alert! ITR Filing Last Date Extended To August 31; Here's Step-By-Step Guide
5 years, 7 months ago

Income Tax Return 2019 Alert! ITR Filing Last Date Extended To August 31; Here's Step-By-Step Guide

ABP News  

The Central Board of Direct Taxes extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2019 to 31st August, 2019 in respect of certain categories of taxpayers who were liable to file their Returns by 31.07.2019. — Income Tax India July 23, 2019 How to file ITR The government on Tuesday extended the due date to file the income tax returns by individuals for financial year 2018-19 by a month till August 31. This left the salaried taxpayers with a limited time-frame of just 20 days to file their income tax returns.Now with the due date for filing ITR, the taxpayers have less time left with them. Step 4) Click on the relevant ITR Form Step 5) Choose the Financial Year Step 6) Download the applicable ITR Form Step 7) Open Excel Utility and fill up the Form by entering details using Form 16 Step 8) Click on ‘calculate tax’ tab and check the tax payable Step 9) Confirm data by validating the ‘validate’ tab Step 10) Generate XML File and save it on your desktop Step 11) Upload the saved XML File on ‘upload return’ on the portal’s panel Step 12) A pop-up will be displayed asking you to digitally sign the file Precautions while preparing Income Tax Return • Taxpayer has to first fill ‘Part A General’ correctly.

Tax Income Date 2019 Filing File Pan Return Step Returns Financial Year Income Tax Returns Income Tax Return Itr Form Part A General  itr  form  tax  taxpayers  file  return  heres  stepbystep  guide  income  returns  2019  date  step  filing  extended

History of this topic

Income Tax: ITR(U) filing deadline extended to 48 months–Key details you need to know
3 weeks, 3 days ago

Income Tax: ITR(U) filing deadline extended to 48 months–Key details you need to know

Live Mint  

Did you miss reporting a particular income while filing your income tax return a few years ago -- say three years ago? You do not need to fret over this anymore since you can file a fresh tax return under the head of ITR to report that unreported income and pay the outstanding tax. Union Finance Minister Nirmala Sitharaman -- …

Updated tax returns: Budget 2025 offers a wider window to report omitted income
Trending News
3 weeks, 4 days ago

Updated tax returns: Budget 2025 offers a wider window to report omitted income

Live Mint  

In the Union Budget for 2022-23, India's finance ministry introduced the concept of updated tax returns to promote voluntary tax compliance. Taxpayers are required to file their income tax returns within four to six months from the end of the financial year. In essence, an updated return allows taxpayers to voluntarily declare omitted income even after the deadlines for belated …

Budget 2025: FM extends deadline to file updated ITR from two to four years
3 weeks, 5 days ago

Budget 2025: FM extends deadline to file updated ITR from two to four years

Live Mint  

In case you forgot to report some income while filing tax returns anytime in the past four fiscal years, Budget 2025 has good news. The timeline to file an updated income tax return has been increased to four years from two years starting April 2025. Under section 234B of the Income Tax Act, 1% interest on tax is payable every …

ITR Filing Deadline: What's the last date to file revised or belated ITR?
1 month, 1 week ago

ITR Filing Deadline: What's the last date to file revised or belated ITR?

Hindustan Times  

ITR Filing Deadline, January 15, 2025: Taxpayers who have not filed their belated or revised Income Tax Return or ITR for the financial year 2024-25 have a narrow chance to do the same on Wednesday, January 15. ITR Filing Deadline: The original deadline to file the income tax returns was July 31, 2024. “The Central Board of Direct Taxes, in …

ITR filing: Why you should file belated, revised tax returns by January 15
1 month, 2 weeks ago

ITR filing: Why you should file belated, revised tax returns by January 15

India Today  

As the financial year 2024-25 nears its close, taxpayers must take note of the upcoming deadline for filing belated and revised income tax returns. Taxpayers who missed the original income tax filing deadline need to submit a belated Income Tax Return to fulfil their tax obligations. Under Section 139 of the Income Tax Act, 1961, taxpayers can revise their returns …

ITR filing deadline: Last 2 days to file late income tax, penalty, how to file return after due date?
1 month, 2 weeks ago

ITR filing deadline: Last 2 days to file late income tax, penalty, how to file return after due date?

India TV News  

Taxpayers who are yet to file their Income Tax Return for the financial year 2023-24 still have time till January 15, 2025, to sort out late returns. Late fee for late filing of ITR Income below Rs 5 lakh: Rs 1,000 late payment Income of Rs 5 lakh and above: Rs 5,000 late fees The initial last date for filing …

Budget 2025: The NRI’s wish list
1 month, 2 weeks ago

Budget 2025: The NRI’s wish list

Live Mint  

Non-resident Indians play a vital role in India’s economic and social progress, significantly contributing to the country’s growth through remittances, investments, entrepreneurship, and international trade. ESOPs tax deferral India’s tax laws allow employees of ‘eligible startups’, including NRIs, to defer paying taxes on employee stock options, or ESOPs. Filing of Form 10F Currently, NRIs seeking to avail treaty reliefs are …

GST Filing Deadline Extended by 2 Days Due to Technical Issues
1 month, 2 weeks ago

GST Filing Deadline Extended by 2 Days Due to Technical Issues

Deccan Chronicle  

New Delhi: The government on Friday extended the deadline for filing monthly goods and services tax or GST sales return form GSTR-1 and GST payment by 2 days after taxpayers reported technical glitches in the GSTN system. As per a notification by the Central Board of Indirect Taxes and Customs, the last date for filing GSTR-1 for December is January …

ITR filing: Approval for condonation of delay helps this taxpayer save over ₹3.42 lakh
1 month, 3 weeks ago

ITR filing: Approval for condonation of delay helps this taxpayer save over ₹3.42 lakh

Live Mint  

Not being able to file an income tax return before July 31, 2024, prevented Suresh Jain from filing his ITR under the old tax regime, thus missing out on certain exemptions and carry-forward of losses to which he was entitled. Thanks to the condonation of delay, which was recently approved by the tax department, Jain was finally allowed to claim …

ITR filing: Why you should declare foreign assets by January 15
1 month, 3 weeks ago

ITR filing: Why you should declare foreign assets by January 15

India Today  

The deadline for Indian residents to report their foreign assets and income in their Income Tax Returns is fast approaching. By January 15, 2025, taxpayers must disclose any overseas financial accounts, income, and assets as part of their tax filing process for the Assessment Year 2024-25. SOURCES OF FOREIGN ACCOUNT INFORMATION To ensure compliance, the Indian government and its law …

Avoid Tax Hassles: Your comprehensive guide to income tax proof submission for 2024-25
1 month, 3 weeks ago

Avoid Tax Hassles: Your comprehensive guide to income tax proof submission for 2024-25

Live Mint  

The submission of income tax investment proofs for FY 2024-25 is generally due by March 31st, subject to deadlines, which may vary across organisations. The income tax investment proof submission process is essential for accurate tax computations and rebate claims. Typical examples of proofs include Life Insurance Premium Receipts Public Provident Fund Passbook/Statement National Savings Certificates Tax-saving Fixed Deposits National …

Missed income tax section 87A rebate? Here's your chance to claim it for FY 2023-24
Trending News
1 month, 3 weeks ago

Missed income tax section 87A rebate? Here's your chance to claim it for FY 2023-24

India Today  

The Income Tax Department has introduced significant relief for taxpayers eligible for the Section 87A rebate for FY 2023-24 who were previously unable to claim it. Announced late on December 31, 2024, via the ITR e-filing portal, the department confirmed that eligible taxpayers would soon be able to file revised or belated ITRs through the ITR filing utility or online …

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025
1 month, 3 weeks ago

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025

Hindustan Times  

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in the Union Budget 2024-25, influencing the deductions and exemptions taxpayers can claim when filing their income tax returns in July 2025. The changes in the income tax structure can influence the deductions and exemptions taxpayers can claim when filing their income …

New deadline to file belated/revised ITR extended to 15 January for resident taxpayers
1 month, 3 weeks ago

New deadline to file belated/revised ITR extended to 15 January for resident taxpayers

Live Mint  

New Delhi, January 1 : The Central Board of Direct Taxes has extended the last date for filing belated/revised income tax returns for the Assessment Year 2024-25 for resident individuals, as stated in a notification issued by the CBDT. In the notification the CBDT added, "The Central Board of Direct Taxes, in exercise of its powers under section 119 of …

ITR Filing: Authorities Extend Last Date For Submitting Belated Tax Returns. Check The New Date Here
Trending News
1 month, 3 weeks ago

ITR Filing: Authorities Extend Last Date For Submitting Belated Tax Returns. Check The New Date Here

ABP News  

The Central Board of Direct Taxes extended the deadline for taxpayers to file their belated or revised income tax returns for the 2024-25 Assessment Year. The authorities informed that the last date for submitting the belated or revised IT returns for individuals is now January 15, 2025. Issuing a circular, the finance ministry said, “The Central Board of Direct Taxes, …

Income tax dept extends belated, revised ITR deadline: Details here
1 month, 3 weeks ago

Income tax dept extends belated, revised ITR deadline: Details here

Hindustan Times  

The Central Board of Direct Taxes has given an extension for resident individuals to file their belated or revised Income Tax Returns for the Assessment Year 2024-25. “CBDT extends the last date for furnishing Belated/ Revised return of income for AY 2024-25 in the case of Resident Individuals from 31st December, 2024 to 15 January 2025,” the income tax department …

ITR filing deadline extension: Income tax department announces relief for these taxpayers. Details here
1 month, 3 weeks ago

ITR filing deadline extension: Income tax department announces relief for these taxpayers. Details here

Live Mint  

The Central Board of Direct Taxes has announced an extension for resident individuals to file their belated or revised Income Tax Returns for the Assessment Year 2024-25. The Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income-tax Act,1961, extends the last date for furnishing belated return of income under sub-section of section 139 …

Income tax calendar 2025: Key deadlines for January you need to know
1 month, 4 weeks ago

Income tax calendar 2025: Key deadlines for January you need to know

India TV News  

Income tax calendar 2025: As the new financial year begins, taxpayers and organizations must stay vigilant about important deadlines in the Income tax calendar for January 2025. Here are the key due dates for January 2025: January 7, 2025 Last date for depositing Tax Deducted at Source or Tax Collected at Source for December 2024. January 30, 2025 Last date …

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31
Trending News
2 months ago

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31

Live Mint  

With the Calendar Year set to culminate in a few days, there are a few income tax deadlines that are set to expire at the same time. These deadlines relate to the filing of belated income tax return, Vivad Se Vishwas and declaration of foreign assets. Filing of belated return: Typically, the last date to file income tax return is …

HC comes to taxpayers’ aid, postpones ITR filing deadline
2 months ago

HC comes to taxpayers’ aid, postpones ITR filing deadline

Hindustan Times  

MUMBAI: The Bombay high court on Friday directed the Central Board of Direct Taxes to extend the date for e-filing of belated income tax returns for taxpayers required to file by December 31, 2024. A bench of justice Devendra Upadhyaya and justice Amit Borkar, while listening to a Public Interest Litigation filed by the Chamber of Tax Consultants through its …

Missed filing tax returns in July? File your belated ITR for FY24 by December 31
Trending News
2 months, 1 week ago

Missed filing tax returns in July? File your belated ITR for FY24 by December 31

India Today  

If you missed the deadline to file your Income Tax Return for the financial year 2023-24 in July, you still have an opportunity to make amends. The Income Tax Department allows taxpayers to file a belated ITR by December 31, 2024. CONSEQUENCES OF LATE FILING Late filing fee As per Section 234F of the Income Tax Act, individuals filing their …

Belated Income Tax Return: You can file it before Dec 31. Check details
2 months, 1 week ago

Belated Income Tax Return: You can file it before Dec 31. Check details

Live Mint  

If you missed filing your income tax return before July 31 then you do not need to fret! For the financial year 2023-24, while the last date of filing income tax return for individual taxpayers was July 31, one can file it before Dec 31 after paying a fee. If you are filing a belated income tax return then you …

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
2 months, 2 weeks ago

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Live Mint  

The Ministry of Finance on Thursday, December 12, announced that the issuance of tax refunds had increased 46.31 per cent during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24, reported the news agency ANI. At its peak, the income tax return portal handled over 900 filings in a …

Advance tax deadline on December 15: What happens if you miss it
2 months, 2 weeks 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 …

December tax deadlines: Your essential guide for ITR compliance
2 months, 3 weeks ago

December tax deadlines: Your essential guide for ITR compliance

India Today  

As the year comes to a close, December becomes a vital month for taxpayers to fulfil important financial and compliance duties. Staying on top of the crucial deadlines in December 2024 is key to ensuring smooth compliance and taking full advantage of available tax benefits. DECEMBER 7, 2024 The last date to deposit tax deducted or collected for the month …

Tax Deadline: Authorities Extend Last Date For Filing ITRs. Find New Date Here
2 months, 3 weeks ago

Tax Deadline: Authorities Extend Last Date For Filing ITRs. Find New Date Here

ABP News  

The Central Board of Direct Taxes announced on Saturday that the deadline for income tax return filing has been extended. ➡️The due date for the assessees referred to in clause of Explanation 2 to Sub Section of Section 139 has been extended from 30th November, 2024, to 15th December, 2024. ➡️ Circular No.… pic.twitter.com/4umO91ELAQ — Income Tax India November 30, …

ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers
3 months ago

ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers

Live Mint  

The Income Tax Department has recently made important changes in its refund claim procedures which have led to the reduction of the period when taxpayers could claim old income tax refunds. The onus has shifted now to the taxpayers to keep all the required documents amidst the transactions in future and submit them before the tax authorities at the prescribed …

ITR deadline: Has income tax return deadline for audit cases been extended?
3 months, 1 week ago

ITR deadline: Has income tax return deadline for audit cases been extended?

Hindustan Times  

The Income Tax Department has not extended the November 15, 2024 deadline for filing income tax returns by taxpayers subject to audit and also for other designated ones, The Economic Times reported. The Income Tax Department has not extended the November 15, 2024 deadline for filing income tax returns by taxpayers subject to audit and also for other designated ones …

ITR filing: Deadline to file tax returns for corporates, some taxpayers is November 15; Check penalty and other details
3 months, 2 weeks ago

ITR filing: Deadline to file tax returns for corporates, some taxpayers is November 15; Check penalty and other details

Live Mint  

The deadline to file income tax returns by corporates and individuals requiring audit for the financial year 2024-25 is November 15, 2024. Types of taxpayers to file returns by Nov 15: As per an Economic Times report citing Prakash Hegde, a chartered accountant, there are three types of taxpayers who have to file ITR by November 15, for the financial …

ITR deadline is November 15, 2024 for these taxpayers: Check details
3 months, 2 weeks ago

ITR deadline is November 15, 2024 for these taxpayers: Check details

Hindustan Times  

The deadline for filing income tax returns for the financial year 2023-24 is November 15, 2024, specifically for taxpayers subject to an income tax audit and some other designated taxpayers, The Economic Times reported. Thus, the tax audit report must also be submitted before filing the ITR. The ET report cited chartered accountant Prakash Hegde as saying the following types …

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

From pension account to Income Tax, crucial deadlines in November | Check details
3 months, 2 weeks ago

From pension account to Income Tax, crucial deadlines in November | Check details

India TV News  

Keeping a check on deadlines is one of the most crucial work, especially when dealing with those bearing financial importance. November 14 Due dates for issue of TDS certificate: Form 16B for tax withheld under 194-IA in September 2024. November 15 The Income Tax Department extended the deadline for filing ITR for the fiscal year 2023-2024 from October 21, 2024 …

What should you do if you get an income tax notice after ITR filing? Know here
6 months, 3 weeks ago

What should you do if you get an income tax notice after ITR filing? Know here

India TV News  

ITR 2024: The deadline for filing Income Tax Returns ended on July 31, with around 7.28 crore people in the country submitting their returns. Here’s what to do if you receive a notice from the Income Tax Department: What should you do after receiving income tax notice? Verify all the details in the notice from the Income Tax Department, such …

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’
6 months, 3 weeks ago

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’

Hindustan Times  

As the deadline for filing income tax returns ends on Wednesday, July 31, many last-minute filers encountered technical glitches on the income tax portal. Many taxpayers tagged software giant Infosys that has developed the income tax portal. I respectfully request that you initiate portal improvements starting tomorrow and ensure a seamless and efficient experience for taxpayers in the next year,” …

Extend ITR Filing Deadline To Aug 31; Tax Practitioners Urge Amid Portal Issue, Flood and Landslide
6 months, 4 weeks ago

Extend ITR Filing Deadline To Aug 31; Tax Practitioners Urge Amid Portal Issue, Flood and Landslide

News 18  

ITR Filing Last Date 2024: The All-India Federation of Tax Practitioners has requested the Central Board of Direct Taxes to extend the deadline of filing Income Tax returns by a month to August 31 for the assessment year 2024-25. In a memorandum, AIFTP national president Narayan Jain and Direct Tax Representation Committee chairman S M Surana said floods in several …

ITR Filing 2024: What Happens If You Miss The July 31 Deadline? All About Belated ITR
6 months, 4 weeks ago

ITR Filing 2024: What Happens If You Miss The July 31 Deadline? All About Belated ITR

ABP News  

The deadline for filing Income Tax Returns is fast approaching, with the final date set for July 31 this year. If you miss the July 31 deadline for filing your ITR, you can still file a belated return by December 31, 2024. Missed Deadline Consequences If individuals fail to meet the July 31 deadline, they have until December 31, 2024, …

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date
7 months ago

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date

India TV News  

The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds. For individuals with net taxable income of more than Rs 5 lakh for the financial year 2023-24, filing a belated return may …

ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department
7 months ago

ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department

India TV News  

The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns have been filed on the e-filing portal so far this fiscal year. In a post on social media platform X, the IT Department said, "More than 5 crore ITRs for AY 2024-25 have already been received on the e-filing portal of the Income Tax Department …

ITR 2024: Avoid THESE mistakes when filing Income Tax return, otherwise your form may get cancelled
7 months ago

ITR 2024: Avoid THESE mistakes when filing Income Tax return, otherwise your form may get cancelled

India TV News  

ITR filing 2024: The deadline for filing income tax returns is approaching, with the last date to file without late fees for the financial year 2023-24 being July 31, 2024. Avoid THESE mistakes Incomplete or incorrect information: When filing your income tax return, ensure that all information is complete and correct. Discrepancies in income information: Discrepancies in income information can …

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?
7 months, 1 week ago

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?

Hindustan Times  

The deadline for filing income tax returns in 2024 is set on July 31. The Income Tax Department's website noted, “Over 2.7 crore ITRs have been filed as on 14 July 2024, which is 13% more compared to returns filed during the same period last year. While the milestone of filing of 1 crore of ITRs for AY 2024-25 arrived …

ITR filing 2024: Keep these five things in mind before filing income tax return
7 months, 2 weeks ago

ITR filing 2024: Keep these five things in mind before filing income tax return

India TV News  

ITR filing 2024: The process of filing Income Tax Returns for the assessment year 2023-24 has commenced. Here are five things to keep in mind while filing your return to avoid errors and ensure smooth processing: Selection of form The choice of form depends on your sources of income. This time, the Income Tax Department has sought additional information through …

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?
7 months, 3 weeks ago

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?

News 18  

Filing your income tax return is not just a financial formality; it is a crucial responsibility for every taxpayer in India. As we approach the July 31, 2024, deadline to file the income tax return, it is essential to understand why filing your ITR well before the deadline can significantly benefit you. Conclusion “Filing your Income Tax Return well before …

Filing Your Income Tax Return: Here Are Important Dates And Potential Penalties
7 months, 3 weeks ago

Filing Your Income Tax Return: Here Are Important Dates And Potential Penalties

ABP News  

July is a critical month for individual taxpayers as the deadline to file income tax returns for the financial year 2023-24, corresponding to the assessment year 2024-25, is July 31, 2024. Key Differences: Financial Year vs. Assessment Year The financial year spans from April 1 to March 31, during which income is earned. Understanding the Income Tax Return An ITR …

Due Date For Filing Form 10AB Extended By CBDT; Bangalore ITAT Quashes Order Rejecting Section 80G Approval
8 months ago

Due Date For Filing Form 10AB Extended By CBDT; Bangalore ITAT Quashes Order Rejecting Section 80G Approval

Live Law  

The Bangalore Bench of Income Tax Appellate Tribunal has quashed the order rejecting the approval under Section 80G of the Income Tax Act as the Central Board of Direct Taxes has extended the due date for filing Form 10A/10AB via press release dated April 25, 2024, to June 30, 2022.The bench of Beena Pillai and Laxmi Prasad Sahu has. The …

Income Tax Return (ITR) 2023-24: 6 Essential points and 6 tips for error-free filing
8 months ago

Income Tax Return (ITR) 2023-24: 6 Essential points and 6 tips for error-free filing

Hindustan Times  

One should always pay attention to every minute detail while e-filing ITR for a hassle-free experience, especially with the tax regimes, deductions and benefits changing every year, Business Today wrote. Representational “Filing an income tax return is not a cakewalk for everyone," said Vikas Dahiya, Director of All India ITR, according to Business Today. "For many people not familiar with …

What If You Don't File Income Tax Return? Understanding The Financial And Legal Repercussions
8 months ago

What If You Don't File Income Tax Return? Understanding The Financial And Legal Repercussions

ABP News  

ITR Filing: A significant number of individuals either miss the deadline for filing their income tax returns or neglect to file them entirely, often due to a lack of awareness or sheer lethargy. Additionally, if the total tax deducted and collected is Rs 25,000 or more, or if aggregate deposits in savings accounts exceed Rs 50 lakh, filing a return …

Submission Of Form-67 Is Not Mandatory For Availing Foreign Tax Credit: Delhi ITAT
8 months, 1 week ago

Submission Of Form-67 Is Not Mandatory For Availing Foreign Tax Credit: Delhi ITAT

Live Law  

The Delhi Bench of Income Tax Appellate Tribunal has held that submission of Form-67 is not mandatory for availing foreign tax credit.The bench of Sudhir Pareek and S. Rifaur Rahman has observed that filing Form-67 is a procedural or directory requirement and is not a mandatory requirement. The Delhi Bench of Income Tax Appellate Tribunal has held that submission of …

ITR Filing for 2023-24: Key documents required for income tax returns
8 months, 1 week ago

ITR Filing for 2023-24: Key documents required for income tax returns

Hindustan Times  

As the income tax return filing season has set in, these are the key documents which taxpayers should possess for duly furnishing their tax returns, as said by Dr. Suresh Surana, Founder of RSM India to the Financial Express. Individual taxpayers who are not required to audit their financials, need to take note of the following documents that they may …

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024
8 months, 2 weeks ago

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024

Live Law  

Delhi High Court Once Issue Of Arm's Length Remuneration Settled By TPO, Question Of Ascertaining Existence Of PE Is Academic; Delhi High Court Quashes Reassessment Proceedings Case Title: Progress Rail Locomotive Inc. Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court Case Title: Commissioner Of Income Tax Versus M/S Jamnalal …

ITR Filing AY 2024-25: Boost Your Tax Refund By Claiming THESE 5 Lesser-Known Deductions
9 months, 2 weeks ago

ITR Filing AY 2024-25: Boost Your Tax Refund By Claiming THESE 5 Lesser-Known Deductions

News 18  

Tax Deductions You Can Claim To Save On Your Taxes? Here are a few deductions that may not be popular, but could offer potential tax savings: National Pension Scheme: Contribution to NPS Tier 1 account is eligible for an additional deduction of Rs 50,000 under section 80CCD. Medical expenditure incurred for senior citizen parents: While many taxpayers are familiar with …

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