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

Income Claims Delay Five Years Submit Filing Itr
ITR Filing Update: Why You Must NOT Delay Filing Your ITR? Check Latest Update Here
1 year, 5 months ago

ITR Filing Update: Why You Must NOT Delay Filing Your ITR? Check Latest Update Here

News 18  

Filing your income tax return on time is important for several reasons. “We would like to thank income tax return filers as ITR filing has been at a much faster pace than last year and we would advise them not to wait until the last moment and also not to hope for any extensions. About 5.83 crore income tax returns …

Financial Tax Income Delay File Return Refund
Income Tax Return: Why You Need Form 26AS When Filing ITR?
1 year, 9 months ago

Income Tax Return: Why You Need Form 26AS When Filing ITR?

News 18  

Form 26AS is a statement which shows various details including tax deducted or collected at source, Advance Tax or Self-Assessment Tax, Specified Financial Transactions Demand/refund pending/completed proceedings for a taxpayer’s Permanent Account Number as per Income Tax Department’s database. A taxpayer may pay tax in any of the following forms: – Tax Deducted at Source – Tax Collected at Source …

Income Form Source 26As Tax Deducted
ITR filing: How long one should keep income tax return documents?
1 year, 11 months ago

ITR filing: How long one should keep income tax return documents?

Live Mint  

ITR filing: Filing income tax return is one of the most important responsibilities of an earning individual. However, keeping one's income tax return-related documents is also important to answer any query of the income tax department in future and avoid action under the Black Money Act 2015. However, the income tax department has power to send notice under income escaping …

Tax Assessment Documents Income Notice Act 10 Years
Income tax return: 10 reasons when a taxpayer can’t use ITR-1 form
2 years, 5 months ago

Income tax return: 10 reasons when a taxpayer can’t use ITR-1 form

Live Mint  

Income tax return: The due date for income tax return filing for FY22 and AY23 is 31st July 2022. Speaking on who can use ITR-1 form for ITR filing, Aarti Raote, Partner at Deloitte India said, "The ITR-1 is a simple tax return that can be filed by a resident tax payer having total income of not more than ₹50 …

India Tax Income File Return Taxpayer Individual
ITR Filing: Top 5 important changes announced by Income Tax Department
2 years, 11 months ago

ITR Filing: Top 5 important changes announced by Income Tax Department

India Today  

The deadline for filing the income tax returns will finally end on December 31, 2021. The Income Tax Department is continuously sending reminders via emails and text messages to make sure that returns are filed at their earliest. As per the reports, 4.86 crore ITRs have been filed on the new e-filing portal of the income tax department on December …

Tax Income Department Filing Itr Income Tax Department Itr Filing
ITR Filing: Important deadlines for taxpayers
3 years, 11 months ago

ITR Filing: Important deadlines for taxpayers

India Today  

The government has extended the deadline to file an income tax return for individual taxpayers of the assessment year 2020-21 and from the previous deadline of December 31, 2020, to January 10, 2021. The deadline for filing ITR for the financial year 2019-20 by companies has also been extended by 15 days till February 15 from January 31. Important ITR …

Date Filing Itr Deadline Extended Itr Filing Whose Accounts