News Muncher - category filing itr

4 months, 3 weeks ago

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

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 …

Tax Income Filed Filing Itr Claim

5 months ago

ITR filing: Who is responsible for paying taxes on minor's earnings?

Business Standard

India is increasingly seeing a surge in young entrepreneurs, child actors, and social media influencers, many of whom are under the age of 18. Under the Indian Income Tax Act, any income earned by minors is taxable, but the obligation to file and pay taxes generally lies with the parents or guardians. This is mainly governed by Section 64 of …

India Parents Tax Child Income Act Earned

5 months, 1 week 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 …

Tax Income 2024 Form Return Itr Filing Your Return

6 months, 2 weeks ago

Submitted wrong ITR form? Know how many times you can revise return

Live Mint

Correcting any mistakes or omissions in your initial Income Tax Return is the aim of filing a revised ITR. An essential provision of the Income Tax Act of 1961 is Section 139, which permits you to file a revised ITR in case you discover mistakes or omissions in your initial return. Lowers the possibility of scrutiny: The possibility that the …

Financial Tax Income Filing File Itr Return

2 years, 4 months ago

You can be fined even if you file your income tax return before deadline

Hindustan Times

The deadline to file income tax returns ended on July 31. The income tax department said nearly six crore returns were filed till the deadline. You can be fined ₹5,000 for late filing in case you failed to verify your income tax return. The date when a taxpayer e-verifies the income tax return will be considered the date for filing …

Income Tax Itr Return Verify

2 years, 4 months ago

5.83 Crore Income Tax Returns Filed Till July 31, Record 72.42 Lakh On Last Day

ABP News

New Delhi: A record 72.42 lakh income tax returns were filed on the last day of such filing on July 31, taking the cumulative returns to 5.83 crore, near to the same levels of last year. "The surge of filing ITRs peaked on July 31, 2022 with over 72.42 lakh ITRs being filed on a single day," an official statement …

Tax Income Crore Lakh Filed Last Day 2022

2 years, 4 months ago

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty

Hindustan Times

The last date for filing income tax returns is July 31, i.e Sunday. The income tax department has made it clear that the deadline will not be extended, and has asked the tax payers to file their returns before the deadline to avoid any fine. On Friday, the income tax department took to Twitter to remind the tax payers about …

Income Tax Date Department Filing File Itr Return

2 years, 5 months ago

Income Tax Return Filing FY22: ITR 1 to ITR 7, Have you Selected Correct ITR Form for AY 2022-23?

News 18

July 31 is the last date for filing income tax return for the assessment year 2022-23 or financial year 2021-22. Who Can’t File ITR 1 Form or Sahaj – Non-residents or residents but non-ordinarily residents – Hindu Undivided Family – Ordinarily residents having total income of more than Rs 50 lakh – Director in a company – Those who hold …

Business India Tax Income Capital Gains Form Filing

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. …

Tax Income Interest Date Filing File Itr

2 years, 5 months ago

Filing income tax return? Key points to know before submitting ITRs

Hindustan Times

The deadline to submit income tax returns for financial year 2021-22 and assessment year 2022-23 is July 31. Income Tax department While the Income Tax Department provides pre-filled forms to help salaried individuals file their returns without any hassle, taxpayers, too, should keep all the required documents handy, and cross-check each field in the pre-filled forms. The new optional tax …

Tax Taxes Income Regime Form Return Details

3 years, 4 months ago

Revamped tax-filing portal is still giving taxpayers trouble

Live Mint

The government has launched a revamped income tax filing portal—www.incometax.gov.in—aimed at improving the experience of taxpayers and to make the process of filing of income tax return seamless by providing pre-filled information to taxpayers. Rectification requests: If there is a mistake in the ITR processed by the tax department, taxpayers should be able to submit a rectification request at the …

Tax Income Filing File Kumar Itr Refund

3 years, 7 months ago

ITR due date extension: Centre extends FY21 filing deadline for individual tax payers to 30 Sep

Firstpost

The deadline for issuing Form 16 by employers to employees has also been extended by a month till 15 July, 2021, the CBDT said New Delhi: The government on Thursday extended the due date of filing income tax returns for 2020-21 for individuals by two months till 30 September. As per the income tax law, for individuals whose accounts are …

Income Tax Month Lakh Deadline Extended Till Cbdt

3 years, 7 months ago

How to file belated Income Tax return for FY 2020, check here

India Today

The government has extended the timelines for various income tax compliances, including the filing of belated or revised return for 2019-20 fiscal, till May 31. The Central Board of Direct Taxes has said that the filing of the belated income tax return under sub-section and revised return under sub-section of Section 139 of the Income Tax Act, 1961, for the …

Tax Income Filing File Itr Income Tax Return Return Check

3 years, 8 months ago

Here is what happens if you miss filing ITR for FY19-20

News 18

If you are still thinking about filing your Income Tax Returns for the financial year 2019-20, then hurry, as the last date along with a late fine of Rs 10,000 will end on March 31. The late filing of tax return attracts a fee under Section 234F of the Income Tax Act and the penalty payable by assesses filing a …

Tax Return Late Filing Itr Miss Filing Itr Miss Filing

3 years, 11 months ago

Income tax return filing deadline for FY 2019-20 extended again to January 10, 2021

India Today

The government has again extended the deadline to file an income tax return for individual taxpayers of the assessment year 2020-21 and from the current deadline of December 31, 2020, to January 10, 2021. As per the IT Department "the extension of the deadline to file ITR for FY 2019-20 till January 10 is for those individuals whose accounts are …

Tax Income Deadline Extended Filing Itr

3 years, 11 months ago

ITR Filing: How to file Income Tax Return with SBI's free facility

India TV News

The deadline to file tax returns is just a few days away. The State Bank of India is offering a new facility to its users to file their income tax return for free through the YONO app. "File your income tax return with Tax2win on YONO for free," the SBI had said. The deadline to file income tax returns by …

Tax Income Tax Income File Itr Return Sbi

4 years, 1 month ago

Finance Ministry Notifies Extension of Deadline for 2019-20 ITR Filing

News 18

The finance ministry has notified the extended due date for filing income tax returns for the 2019-20 fiscal. Nangia Andersen LLP Partner Sandeep Jhunjhunwala said although the government had announced the extension of ITR and audit report filing due dates last week, but there was an ambiguity if such extension is available for corporates to whom tax audit and transfer …

Tax Filing Itr Tax Audit

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Articles for Filing Itr

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

ITR filing: Who is responsible for paying taxes on minor's earnings?

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

Submitted wrong ITR form? Know how many times you can revise return

You can be fined even if you file your income tax return before deadline

5.83 Crore Income Tax Returns Filed Till July 31, Record 72.42 Lakh On Last Day

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty

Income Tax Return Filing FY22: ITR 1 to ITR 7, Have you Selected Correct ITR Form for AY 2022-23?

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

Filing income tax return? Key points to know before submitting ITRs

Revamped tax-filing portal is still giving taxpayers trouble

ITR due date extension: Centre extends FY21 filing deadline for individual tax payers to 30 Sep

How to file belated Income Tax return for FY 2020, check here

Here is what happens if you miss filing ITR for FY19-20

Income tax return filing deadline for FY 2019-20 extended again to January 10, 2021

ITR Filing: How to file Income Tax Return with SBI's free facility

Finance Ministry Notifies Extension of Deadline for 2019-20 ITR Filing