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5 days, 2 hours ago

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

If you missed the original deadline to file your income tax return for FY 2023-24, don’t worry—you still have a chance. A belated ITR, filed under Section 139 of the Income Tax Act, is for taxpayers who missed the original filing deadlines. Regardless of the original deadlines, all taxpayers who missed them must file a belated ITR by December 31, …

Tax 2024 Filing File Original Belated Belated Return

6 days, 23 hours ago

Only 6.68 pc of population filed income tax return in 2023-24 fiscal | DEATILS

India TV News

Income tax returns: The country's population may be the largest in the world, but Indians are still lagging behind in filing income tax returns. The latest data shows that only 6.68 per cent of India's population filed income tax returns for the financial year 2023-24, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya …

Tax Income Tax Income Crore Itr Income Tax Returns Income Tax Return

6 months ago

ITR Return Filing: Should you file ITR if your income is less than ₹7 lakh?

Hindustan Times

If your gross taxable income exceeds basic exemption limit, it is mandatory for you to file an income tax return. But this does not mean you have to pay income tax as there is a tax rebate under section 87A of the Income tax Act, 1961 owing to which you are eligible if your net taxable income does not exceed …

Income Tax Lakh Regime Itr

6 months, 3 weeks ago

Delhi HC Upholds Constitutional Validity Of Section 71(3A) Income Tax Act; Dismisses Petition Challenging Rs. 2 Lakh Cap On House Property Income Set-Off

Live Law

The Delhi High Court dismissed a writ petition challenging the constitutional validity of Section 31 of the Finance Act, 2017. Since the house was constructed using borrowed capital, under Section 24 of the Income Tax Act, the interest payable on such capital was eligible for deduction from the head “Income from house property.” The income chargeable under this head was …

Constitution Court Income Tax Act Income Case Right House

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

8 months, 3 weeks ago

Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available on e-filing income tax portal

Hindustan Times

The Income Tax Department made online income tax return forms- ITR-1, ITR-2 and ITR-4, for FY 2023-24 - available on the e-filing portal. Income tax return: You can file ITR either completely online on the tax department’s e-filing income tax portal or partially online, partially offline as well. You can file ITR either completely online on the tax department’s e-filing …

Online Income File Itr Return Income Tax Return Tax Return

1 year, 5 months ago

Income Tax Day: Have You Checked AIS App Before ITR Filing? Here's How It May Help You

News 18

Income Tax Day: In- March this year, the Income Tax Department launched a mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement / Taxpayer Information Summary. The objectives of AIS are: Displays complete information to the taxpayer with a facility to capture online feedback Promotes voluntary compliance and enable …

Tax Information Mobile App Income Value Taxpayer Taxpayers

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

ITR filing for FY 2022-23: ITR Form 2 available online, who is eligible and all you need to know

India Today

The income tax department has recently launched the online version of the ITR-2 forms, following the earlier release of ITR-1 and ITR-4 on May 20, 2023. According to the income tax website, taxpayers can now file their Income Tax Returns using the ITR-2 form through the online portal, which includes pre-filled data for convenience. Furthermore, on May 17, 2023, the …

Tax Income Form File Itr Itr Form

1 year, 7 months ago

Are You Filing ITR AY24 For Salary Income? Here's All You Need To Know

News 18

Online ITR For Salary Income: Even as the income tax department has enabled the online filing for ITR 1 and ITR 4, individuals can now start filing their income tax returns for the assessment year 2023-24 or the financial year 2022-23. Rebate: Resident individuals whose total income does not exceed the threshold limit of Rs 5,00,000 or Rs 7,00,000 can …

India Financial Tax Income Case Total Form

1 year, 7 months ago

Old vs New Income Tax regime: Which one to choose for TDS on salary in FY 2023-24?

Firstpost

At a time when changes introduced in the Income Tax Act 1961 have already come into effect from 1 April 2023, salaried taxpayers might have confusion over selecting between the old and new tax regimes, especially for those who are in the higher income brackets. Employees need to keep in mind that if they do not inform their respective companies …

Salary Income Tax Regime Itr Tds Tax Exemptions Regimes

1 year, 8 months ago

ITR filing last date AY 2023-24: Due date for filing income tax returns

India Today

Income Tax Returns must be filed by July 31 for the FY 2022-23. On the other hand, if the tax evaded exceeds Rs 25 lakh the punishment could be 6 months to 7 years", as per the website of the Income Tax Department. WHICH TAX RETURN TO FILE: The Income Tax department has notified seven different forms i.e., ITR 1, …

Tax Income Date Filing Itr Due Date

1 year, 9 months ago

68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20

The Hindu

As many as 68,000 cases have been picked up for e-verification by the income tax department for unreporting or under reporting of income in tax returns for 2019-20 fiscal, CBDT chief Nitin Gupta said on Monday. The taxpayer can reply to the tax department giving explanation for the mismatch or can file updated returns if they feel the mismatch flagged …

Tax Cases Case Department Gupta Itr Updated

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 …

Tax Income Date 2023 Advance Pan Itr

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 …

Tax Pay Income Date Filing File Itr

1 year, 11 months ago

Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file

Live Mint

Do not forget to file your income tax returns for financial year 2021-22 amid the festivities of the new year if you haven't already. Assessees must file belated ITRs under Section 139 of the Income Tax Act, 1961. While filing belated ITRs, taxpayers must ensure that they select Section 139 in the tax return form and that the applicable penalty …

Tax Penalty Income Tax Income Filed Filing File

2 years, 4 months ago

How to check income tax return (ITR) refund status online

Live Mint

ITR refund status: The due date for income tax return filing for AY 2022-23 is gone and those who filed their ITR for FY 2021-22 have either got their ITR refund or they are waiting for it. How to check ITR refund status online with acknowledge number The income tax department in India offers taxpayers to check their ITR refund …

Tax Online Income Status Check Pan Itr

2 years, 4 months ago

ITR 2021-22: 41% income taxpayers yet to file returns, 10% facing tech glitches

India TV News

ITR 2021-22: As the deadline to file Income tax returns inches closer, 41 per cent of Indians who qualify to file the return are yet to file their papers for FY 2021-22, 22 per cent say it is difficult to file it by the July 31 deadline, and about 10 per cent were facing technical glitches, a new report showed …

Tax Income Cent File Itr Deadline Returns

2 years, 4 months ago

ITR filing for FY 2021-22: How to calculate capital gain tax on sale of property

Live Mint

ITR filing for FY 2021-22: Due date for income tax return filing for the assessment year 2022-23 for financial year 2021-22 is just 3 days away. On how to calculate capital gain on property sale, Hemal Mehta, Partner at Deloitte India said, "Property i.e., land and building qualify as a ‘capital asset’, capital gains tax is levied at the time …

Tax Property Sale Capital Capital Gains Cost Clear

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

Will ITR filing deadline for FY 2021-22 be extended? What tax experts say

Live Mint

The ITR filing deadline for FY 2021-2022 is July 31. Amid the coronavirus pandemic and glitches in the newly launched income tax portal, the deadlines for ITR filing and other other income tax-related things were extended in a row for the last two years. On July 2, 2022, the income tax department on its official Twitter handle said that software …

Tax Income Department Filing Itr Deadline Income Tax Department

2 years, 5 months ago

How to e-verify income tax return through Demat account

India Today

The last date to file Income Tax Return for FY 2021-22 is July 31, 2022. The last step in filing your income tax return is to verify it. Check here the step-by-step guide to e-verify income tax returns through Aadhaar OTP. HERE IS HOW TO e- verify YOUR RETURN THROUGH DEMAT ACCOUNT: Step 1: Go to the e-Filing portal homepage …

Tax Income Return Verify Income Tax Return Demat Account

2 years, 5 months ago

ITR form selection to bank validation: 5 mistakes that a taxpayer should avoid

Live Mint

ITR filing: The due date for income tax return filing for the financial year 2021-22 and assessment year 2022-23 is 31st July 2022. However, while filing their income tax return, it has been found that an earning individual commit some common mistake that leads to rejection of their ITR, income tax notice or delay in ITR refund. Speaking on the …

Income Common Filing Itr Filing Income Tax Return Itr Form Tax Return

2 years, 5 months ago

Income tax return: Eligibility, important documents for filing ITR-1 form

Live Mint

Income tax return: The due date for income tax return filing for FY 2021-22 and the Assessment Year or AY 2022-23 is 31st July 2022. As, majority of the earning individuals file ITR-1 form, it is very important for the taxpayer to know the important documents that one must have in hand during its ITR filing. On who can file …

Tax Form Pan Itr Taxpayer Income Tax Department Income Tax Return

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Articles for Itr, search results for fy

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

Only 6.68 pc of population filed income tax return in 2023-24 fiscal | DEATILS

ITR Return Filing: Should you file ITR if your income is less than ₹7 lakh?

Delhi HC Upholds Constitutional Validity Of Section 71(3A) Income Tax Act; Dismisses Petition Challenging Rs. 2 Lakh Cap On House Property Income Set-Off

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

Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available on e-filing income tax portal

Income Tax Day: Have You Checked AIS App Before ITR Filing? Here's How It May Help You

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

ITR filing for FY 2022-23: ITR Form 2 available online, who is eligible and all you need to know

Are You Filing ITR AY24 For Salary Income? Here's All You Need To Know

Old vs New Income Tax regime: Which one to choose for TDS on salary in FY 2023-24?

ITR filing last date AY 2023-24: Due date for filing income tax returns

68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20

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

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

Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file

How to check income tax return (ITR) refund status online

ITR 2021-22: 41% income taxpayers yet to file returns, 10% facing tech glitches

ITR filing for FY 2021-22: How to calculate capital gain tax on sale of property

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

Will ITR filing deadline for FY 2021-22 be extended? What tax experts say

How to e-verify income tax return through Demat account

ITR form selection to bank validation: 5 mistakes that a taxpayer should avoid

Income tax return: Eligibility, important documents for filing ITR-1 form