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5 months, 1 week ago

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

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

5 months, 2 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 …

Financial Tax Financial Transactions Income Return Deadline Itr Filing

6 months, 3 weeks ago

ITR 2024: Mandatory and Optional, Keep These Documents For Income Tax Return Filing, Check Full List

News 18

Income Tax Return filing is a critical responsibility for taxpayers and carries several significant implications. Investment Proofs: Documents for investments like Provident Fund, Public Provident Fund, Equity Linked Savings Scheme, Life Insurance premiums, Health Insurance premiums, Fixed Deposits etc., if claiming deductions. Other Potential Documents: Property Documents House Rent Receipts Informational Documents: Form 26AS : This pre-filled statement by the …

Documents Income Filing Itr Itr Filing Tds Tax

7 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 …

Tax Income Itr Claim Paid Rent Deductions

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 …

Income Tax File Itr Return Additional 31 Updated Updated Itr

9 months, 1 week ago

Delhi woman gets 6 months jail for failing to file ITR on ₹2 crore income

Hindustan Times

A Delhi Court sentenced a woman to six months in jail for not filing a return on income of ₹2 crores after a complaint was filed by the Income Tax Office alleging that TDS amounting to Rs. The court sentenced Savitri noting, “The convict is awarded a sentence of simple imprisonment for six months with a fine of ₹5,000 and …

Tax Court Income Accused File Itr Return

1 year, 4 months ago

Do taxpayers lose out on deduction benefits on filing late income tax returns? We explain

Live Mint

The cutoff for submitting the Income Tax Return for the fiscal year 2022-23 was July 31, 2023. While numerous taxpayers are considering submitting a late return with a penalty, a significant number are apprehensive about the possibility of their tax refund request being declined in the event of a delayed ITR submission. Submitting a delayed ITR incurs a late fee, …

Income Tax Pan Late Income Tax Return Return Itr Belated Submitting

1 year, 4 months ago

Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data

India TV News

Income Tax Return: The Income Tax Department on Sunday shared that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal. The last date for filing income tax returns for the previous year by salaried class and those who do not have to get their accounts audited is July 31. Giving statistics on the …

Income Filed Tax Returns Income Tax Returns Itr Filing

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

1 year, 6 months ago

ITR filing for FY 2022-23: How to correct any mistakes made while filing ITR

India Today

While filing an income tax return, it is common to make small errors. Section 139 of the Income-Tax Act, 1961 enables taxpayers to correct errors in their original tax returns by filing a revised return. It's important to understand that filing a revised ITR means submitting a new return that includes the necessary corrections under Section 139 of the Income …

Tax Income Return Itr Filing Revised Itr

1 year, 6 months ago

Filing ITR Now? Who Will And How To File Income Tax Return? Know This Before Hand

News 18

Income Tax Return filing holds immense importance as it serves as a vital tool for ensuring tax compliance and financial transparency. By filing ITR, individuals and businesses provide a comprehensive record of their income, deductions, and taxes paid, enabling the government to assess tax liabilities accurately. You can find a list of all the ITR forms and their eligibility criteria …

Tax Income Form Filing File Itr Itr Filing

1 year, 6 months ago

ITR Filing Starts: Expert Tips For Individual Taxpayers To Chose Correct ITR Form

News 18

Filing your Income Tax Return holds significant importance for several reasons. It also facilitates the calculation of your tax liability, as the ITR form prompts you to provide details of income, deductions, exemptions, and tax-saving investments. Each ITR form is specifically designed to capture different types of income and financial situations, so choosing the right one ensures that you report …

Income Gupta Filed Form Your Income Itr Filing Business Income

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

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

2 years ago

Filing Of ITR Instead Of Income Certificate Cannot Deprive Eligible Meritorious Candidate Of Scholarship: Delhi High Court

Live Law

The Delhi High Court has observed that a mere mistake of filing Income Tax Return certificate instead of Income Certificate cannot lead to a situation where an eligible meritorious candidate is deprived of the scholarship, when the two documents prove "same parameters of income requirements".Justice Prathiba M Singh made the observation while directing the Ministry of Social Justice. The Delhi …

Social Justice High Court Scholarship Delhi High Court Documents Income Ministry

2 years, 4 months ago

Revised income tax return: Eligibility, deadline, other details you should know

Live Mint

ITR filing: Due date for unaudited income tax return filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. As per the revised income tax rules, a taxpayer can …

Tax Income Date Filing File Itr Return

2 years, 4 months ago

What is belated ITR filing?

Business Standard

The income tax return filing deadline, 31 July, has passed and over 58.3 million returns were filed for the Assessment Year 2022-23. If you are one of those who didn't file an income tax return before the deadline, you can still file it on or before three months prior to the end of the relevant assessment year. Filing belated returns …

Tax Filing File Itr Return Taxpayer Itr Filing

2 years, 4 months ago

An income tax refund is not free money

Live Mint

A total of 58.3 million income tax returns have been filed in assessment year 2022-23 up to 31 July. In fact, a press release put out by the ministry of finance on 1 August pointed out: “The e-filing portal…set… benchmarks on 31st July, 2022 including - highest per second rate of ITR filing: 570, highest per minute rate of ITR …

Tax Money Income End Filing Many People Return

2 years, 4 months ago

ITR filing Assessment Year 2022-23 last date today: Nearly 34 lakh returns filed till 4 pm

Firstpost

According to tax laws, a Rs 5,000 late fee would be payable by people having an annual income of over Rs 5 lakh, if they file their ITR by 31 December of the assessment year New Delhi: Nearly 34 lakh income tax returns were filed till 4 pm on the last day of filing ITR for 2021-22 fiscal by salaried …

Tax Income Filed Filing Itr Late Rs 5 Lakh

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 …

Tax Income Date Filing File Itr Taxpayer

2 years, 4 months ago

ITR Filing Last Date for AY 2022-23 Nears: Will Govt Extend Deadline to File Income Tax Return?

News 18

ITR Filing for AY22-23: The Income Tax Department as well as the government have been repeatedly saying that the deadline to file income tax returns will not be extended beyond July 31, despite receiving requests from taxpayers and associations to do the same. #FileNow!Pl visit: https://t.co/GYvO3n9wMf #ITD pic.twitter.com/Kd5GVaeGb2— Income Tax India July 25, 2022 Not only the income tax department, …

Income Tax File Itr Tax Returns Extend Income Tax Returns Itr Filing

2 years, 5 months ago

ITR filing last date is a bank holiday. Key things that a taxpayer should know

Live Mint

ITR filing for AY 2022-23: Due date for income tax return filing for FY 2021-22 or AY 2022-23 is 31st July 2022. So, taxpayers who doesn't have a long experience of ITR filing should not get confused with bank holiday and ITR filing last date because now a day income tax return can be filed 24x7x365. Advising taxpayers not to …

Income Tax Pay Date Wait Itr Taxpayer Last Date

2 years, 5 months ago

Income tax return filing: Here’s how to e-file your Sahaj form in few steps

Live Mint

About seven income tax return forms are available for various categories of taxpayers to file before the due date of a financial year. Step 2: On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return. In case you have already filled the Income Tax Return and it is pending for submission, click Resume Filing. And secondly, …

Tax Income Form File Return Select Click

2 years, 5 months ago

Income Tax Return filing: 5 reasons why you should file your ITR on time

Live Mint

The Income Tax department has urged the taxpayers to not wait until the last minute for filing their income tax return. Fie today and avoid the stress of filing last minute.” Here are five reasons why filing your ITR on time should be practiced: Technical issues: Since the time income tax e-filing portal has been launched in June last year, …

Loss Tax Income Department Cpc File Pan

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Articles for Itr Filing, search results for return

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

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

ITR 2024: Mandatory and Optional, Keep These Documents For Income Tax Return Filing, Check Full List

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

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

Delhi woman gets 6 months jail for failing to file ITR on ₹2 crore income

Do taxpayers lose out on deduction benefits on filing late income tax returns? We explain

Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data

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

ITR filing for FY 2022-23: How to correct any mistakes made while filing ITR

Filing ITR Now? Who Will And How To File Income Tax Return? Know This Before Hand

ITR Filing Starts: Expert Tips For Individual Taxpayers To Chose Correct ITR Form

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

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

Filing Of ITR Instead Of Income Certificate Cannot Deprive Eligible Meritorious Candidate Of Scholarship: Delhi High Court

Revised income tax return: Eligibility, deadline, other details you should know

What is belated ITR filing?

An income tax refund is not free money

ITR filing Assessment Year 2022-23 last date today: Nearly 34 lakh returns filed till 4 pm

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

ITR Filing Last Date for AY 2022-23 Nears: Will Govt Extend Deadline to File Income Tax Return?

ITR filing last date is a bank holiday. Key things that a taxpayer should know

Income tax return filing: Here’s how to e-file your Sahaj form in few steps

Income Tax Return filing: 5 reasons why you should file your ITR on time